Sunday, January 29, 2017

GBP/USD TECHNICAL OUTLOOK : 30.01.2017

GBP/USD TECHNICAL OUTLOOK : 30.01.2017
NIFTY FUT  TREND             : SELL ZONE
BANKNIFTY FUT  TREND  : SELL ZONE


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GBP/USD. Pair after opening at 1.2690 made a high of 1.2606, and saw the pair trading volatile and made a low of 1.2515 and could not sustain the lower levels and bounced and trading near the 1.2590 if the pair sustain above 1.2550 can head high towards intermediate highs of 1.2674 so utilize the dips to buy the pair.

Fundamental Overview

British Pound is trading at 1.2584, remaining largely unchanged as compared to Friday. There was no major breakthrough in the talks between Trump and UK PM May. There is no major data to be published today and key driver would be the dollar for the day. Bank of England statement during the week would also be in focus.