GBP/USD TECHNICAL OUTLOOK : 19.12.2016
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
GBP/USD. Pair after opening at 1.2422 made a high of 1.2510, and seen some side wise action after a selling from the higher levels but the pair violated the lower levels of 1.2550 and now trending on the downside going ahead 1.23 will act as a support as the pair has respected few days so rise is an opportunity to sell and pair, so intraday apply that strategy to sell at rise.
Fundamental Overview
Pound is trading at 1.2480, rebounding from the lower levels of 1.24 that were seen on Friday. There was no major data after the BOE statement on Thursday and the sharp up move can be attributed to some profit booking. December right move home price figures are on tap today but are unlikely to have a major impact. Pound too remains a sell on every rise from this point on.
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
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Fundamental Overview
Pound is trading at 1.2480, rebounding from the lower levels of 1.24 that were seen on Friday. There was no major data after the BOE statement on Thursday and the sharp up move can be attributed to some profit booking. December right move home price figures are on tap today but are unlikely to have a major impact. Pound too remains a sell on every rise from this point on.