GBP/USD TECHNICAL OUTLOOK : 06.10.2016
NIFTY Fut : BUY ZONE
BANKNIFTY FUT : BUY ZONE
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GBP/USD. Pair after opening at 1.2726 made a high of 1.2770, and seen some selling pressure in the pair ,the pair had support of 1.2870 and the pair after violating 1.2870 mark , saw some more selling pressure now 1.2700can be a halted for the time being but any bounce shall be utilize to sell the pair
Fundamental Overview
Pound is trading at 1.2734, rebounding from the lows of 1.2683 that were seen at the start of the European session yesterday. A “hard Brexit”, new term being used by markets is likely to keep the Pound under pressure and limit any gains. Even a positive services PMI data failed to revive the Pound, indicated continued weakness and the possibility to trend much lower, even from this point on
NIFTY Fut : BUY ZONE
BANKNIFTY FUT : BUY ZONE
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GBP/USD. Pair after opening at 1.2726 made a high of 1.2770, and seen some selling pressure in the pair ,the pair had support of 1.2870 and the pair after violating 1.2870 mark , saw some more selling pressure now 1.2700can be a halted for the time being but any bounce shall be utilize to sell the pair
Fundamental Overview
Pound is trading at 1.2734, rebounding from the lows of 1.2683 that were seen at the start of the European session yesterday. A “hard Brexit”, new term being used by markets is likely to keep the Pound under pressure and limit any gains. Even a positive services PMI data failed to revive the Pound, indicated continued weakness and the possibility to trend much lower, even from this point on