GBP/USD TECHNICAL OUTLOOK : 21.12.2016
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
GBP/USD. Pair after opening at 1.24390 made a low of 1.2310, and seen some selling coming in from the 1.24 levels and the pair tested the levels of 1.23 and reversed but 1.2450 will act as a major resistance and likely to find supply there so remains sell at rise going ahead as the pair has been making lower top and bottom on long term charts.
Fundamental Overview
Pound is trading at 1.2380, after making a low of 1.2330 in the overnight session. Uncertainty surrounding the Brexit terms continues to remain the key drivers for the currency pair. No data is to be reported today and we can expect a range bound trade in the GBPUSD pair. Momentum would be dependent on the US dollar moves for the day.
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
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Fundamental Overview
Pound is trading at 1.2380, after making a low of 1.2330 in the overnight session. Uncertainty surrounding the Brexit terms continues to remain the key drivers for the currency pair. No data is to be reported today and we can expect a range bound trade in the GBPUSD pair. Momentum would be dependent on the US dollar moves for the day.