GBP/USD TECHNICAL OUTLOOK : 28.09.2016
NIFTY Fut : SELL ZONE
BANKNIFTY FUT : SELL ZONE
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GBP/USD. Pair after opening at 1.2964made a high of 1.2988, and seen some selling pressure in the pair the pair has being volatile in the session after violating 1.30 mark , the pair has double bottom formation near 1.2940 mark and there is a indicator divergence so the pair can bounce intraday as it has become over sold
Fundamental Overview
Pound is trading at 1.3000; continue to remain volatile and struggling to stay above the 1.30 mark. There was no major data from the UK yesterday but flows out of Euro could have added to the upward momentum. Expect the volatile trend to continue during the day with the pair hovering near the 1.30 mark.
NIFTY Fut : SELL ZONE
BANKNIFTY FUT : SELL ZONE
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GBP/USD. Pair after opening at 1.2964made a high of 1.2988, and seen some selling pressure in the pair the pair has being volatile in the session after violating 1.30 mark , the pair has double bottom formation near 1.2940 mark and there is a indicator divergence so the pair can bounce intraday as it has become over sold
Fundamental Overview
Pound is trading at 1.3000; continue to remain volatile and struggling to stay above the 1.30 mark. There was no major data from the UK yesterday but flows out of Euro could have added to the upward momentum. Expect the volatile trend to continue during the day with the pair hovering near the 1.30 mark.