GBP/USD TECHNICAL OUTLOOK : 19.09.2016
NIFTY Fut : BUY ZONE
BANKNIFTY FUT : BUY ZONE
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GBP/USD. Pair after opening at 1.3242 made a high of 1.3248 , and saw some selling pressure from the higher levels the pair violated the supports of 1.32 and saw some strong momentum coming on the down side as we saw the pair was not able to take out recent high of 1.34 and reversed that signifies aggressiveness of the bears so any rise is a shorting opportunity in the pair and it c an test the levels of 1.2850 In near term
Fundamental Overview
Pound is trading at 1.3043, after dropping to 1.30 posts the US data and also on the news that UK could initiate the process for Brexit earlier than anticipated. With limited data to be reported today, we can expect trend of the pound weakness to continue.
NIFTY Fut : BUY ZONE
BANKNIFTY FUT : BUY ZONE
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GBP/USD. Pair after opening at 1.3242 made a high of 1.3248 , and saw some selling pressure from the higher levels the pair violated the supports of 1.32 and saw some strong momentum coming on the down side as we saw the pair was not able to take out recent high of 1.34 and reversed that signifies aggressiveness of the bears so any rise is a shorting opportunity in the pair and it c an test the levels of 1.2850 In near term
Fundamental Overview
Pound is trading at 1.3043, after dropping to 1.30 posts the US data and also on the news that UK could initiate the process for Brexit earlier than anticipated. With limited data to be reported today, we can expect trend of the pound weakness to continue.