GBP/USD TECHNICAL OUTLOOK:29.11.2016
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
GBP/USD. Pair after opening at 1.2472 made a high of 1.2532, and seen some selling pressure from the higher levels , but it respected 1.2350 mark and saw some bounce few days back from this levels but 1.25- 1.26 has been strong resistance in the pair 1.26 is has been strong resistance in the pair until the pair close above 1.26 the pair likely to find resistance in the pair but 1.25 is acting as a support so sell every rise in the pair.
Fundamental Overview
Pound is trading at 1.2390, witnessing a sharp fall in yesterday’s session. There was no major news that triggered the fall but market participants have indicated that stops triggered in eurgbp could have been the reason. Housing data is due to be reported but would not have a major impact on the pair. Brexit headlines could be back in play as the UK supreme court begins hearing the Article 50 invocation.
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
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Fundamental Overview
Pound is trading at 1.2390, witnessing a sharp fall in yesterday’s session. There was no major news that triggered the fall but market participants have indicated that stops triggered in eurgbp could have been the reason. Housing data is due to be reported but would not have a major impact on the pair. Brexit headlines could be back in play as the UK supreme court begins hearing the Article 50 invocation.