GBP/USD TECHNICAL OUTLOOK:4.11.2016
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
GBP/USD. Pair after opening at 1.2244 made a high of 1.2322, and seen some buying from the lower levels near 1.2270 levels but the pair was finding resistance at 1.2340 and the pair is trading in a broader range of 1.24-1.2200 with oscillator front RSI remains oversold so likely to see some volatility going ahead in the above mentioned range.
Fundamental Overview
Pound is trading at 1.2477, appreciating considerably against all the majors after the British High court decided that the parliament would need to take a call on when to invoke article 50. Pound rallied with the news as this decision would delay Brexit and could soften the negotiations with EU. Expect this positive trend in pound to continue for the day.
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
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Fundamental Overview
Pound is trading at 1.2477, appreciating considerably against all the majors after the British High court decided that the parliament would need to take a call on when to invoke article 50. Pound rallied with the news as this decision would delay Brexit and could soften the negotiations with EU. Expect this positive trend in pound to continue for the day.