GBP/USD TECHNICAL OUTLOOK : 06.01.2017
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
GBP/USD. Pair after opening at 1.2319 made a low of 1.2270, and could not sustain the Lowe r levels and was trading above the resistance levels of 1.23 and saw the pair strong short covering yesterday overall the pair is trading in the range of 1.2250-1.2470 during he weak and likely to trade within the range.
Fundamental Overview
GBP/USD is trading at 1.2380. UK‘s Service PMI for the month of December stands at 56.2 over the
estimates of 54.7. up by 1.81% compared to the month of November which was at 55.2. There are no
economic data from UK for the day. Trader are suggested to watch the Retail Sales (MoM) for the month of November. Which will reported late today.
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
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Fundamental Overview
GBP/USD is trading at 1.2380. UK‘s Service PMI for the month of December stands at 56.2 over the
estimates of 54.7. up by 1.81% compared to the month of November which was at 55.2. There are no
economic data from UK for the day. Trader are suggested to watch the Retail Sales (MoM) for the month of November. Which will reported late today.