GBP/USD TECHNICAL OUTLOOK : 20.09.2016
NIFTY Fut : SELL ZONE
BANKNIFTY FUT : SELL ZONE
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GBP/USD. Pair after opening at 1.2996 made a low of 1.2994 , and saw some recovery from the lower levels the pair violated the supports of 1.32 and saw some strong momentum coming on the down side few days back 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 moving towards 1.31 in yesterday’s session. Pound remained between the 1.3030 and 1.3090, moving the most among the majors. News about the possibilities surrounding the Brexit process is driving the Pound lower but the bottom is likely to remain above the June 24th low even if the US FOMC chooses to raise rates.
NIFTY Fut : SELL ZONE
BANKNIFTY FUT : SELL ZONE
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GBP/USD. Pair after opening at 1.2996 made a low of 1.2994 , and saw some recovery from the lower levels the pair violated the supports of 1.32 and saw some strong momentum coming on the down side few days back 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 moving towards 1.31 in yesterday’s session. Pound remained between the 1.3030 and 1.3090, moving the most among the majors. News about the possibilities surrounding the Brexit process is driving the Pound lower but the bottom is likely to remain above the June 24th low even if the US FOMC chooses to raise rates.