GBP/USD TECHNICAL OUTLOOK : 16.09.2016
NIFTY Fut : BUY ZONE
BANKNIFTY FUT : BUY ZONE
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GBP/USD. Pair after opening at 1.3242 made a high of 1.3279 , and saw some selling pressure from the higher levels after a strong run up from the past weeks, the pair has reversed from the levels of 1.3400 levels and now near 1.32 now 1.34 would act as a strong resistance and pair will see strong supply coming in at higher levels
Fundamental Overview
Pound is trading at 1.3230, remaining subdued as most of the data reported yesterday were in line with expectations. Interest rates were agreed to be left unchanged unanimously and retail sales were reported higher. Pound however dropped after the data and climbed back after the weak US retail sales data was reported. Expect range bound movement for the day.
NIFTY Fut : BUY ZONE
BANKNIFTY FUT : BUY ZONE
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GBP/USD. Pair after opening at 1.3242 made a high of 1.3279 , and saw some selling pressure from the higher levels after a strong run up from the past weeks, the pair has reversed from the levels of 1.3400 levels and now near 1.32 now 1.34 would act as a strong resistance and pair will see strong supply coming in at higher levels
Fundamental Overview
Pound is trading at 1.3230, remaining subdued as most of the data reported yesterday were in line with expectations. Interest rates were agreed to be left unchanged unanimously and retail sales were reported higher. Pound however dropped after the data and climbed back after the weak US retail sales data was reported. Expect range bound movement for the day.