GBP/USD TECHNICAL OUTLOOK : 12.01.2017
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
GBP/USD. Pair after opening at 1.2171 made a high of 1.2190, and could not sustain the higher levels selling at a higher levels the pair made a low below 1.2115 and bounced now trading near the resistance of 1.22 if able to trade above that can see the pair short covering
Fundamental Overview
British pound is trading at 1.2174, recovering most of the losses from before the press conference began. pound traded lower after a weaker than expected trade deficit for the month of November and the pair bottomed out at 1.2038, which was the low during the Pound flash crash. Expect 1.22 to act is a near term hinge for the pair today.
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
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Fundamental Overview
British pound is trading at 1.2174, recovering most of the losses from before the press conference began. pound traded lower after a weaker than expected trade deficit for the month of November and the pair bottomed out at 1.2038, which was the low during the Pound flash crash. Expect 1.22 to act is a near term hinge for the pair today.