GBP/USD TECHNICAL OUTLOOK:10/21/2016
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
Fundamental Overview
Pound is trading at 1.2233, remaining on the weaker side of the US dollar as retail sales data missed
estimates. Retail sales in the month of September did not improve where as markets were expecting a 0.4% rise. High court decision is still pending and markets would be waiting to know the outcome to readjust the overly stretched short positions.
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
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GBP/USD. Pair after opening at 1.2282made a high of 1.2299, and seen some supply at 1.2290 levels but the pair had bounce from the lower levels a day before, and now violated the hourly supports of 1.2250 , the pair is facing strong resistance around 1.23 mark so as the par is in downtrend so any rise shall be utilize to sell the pairFundamental Overview
Pound is trading at 1.2233, remaining on the weaker side of the US dollar as retail sales data missed
estimates. Retail sales in the month of September did not improve where as markets were expecting a 0.4% rise. High court decision is still pending and markets would be waiting to know the outcome to readjust the overly stretched short positions.