GBP/USD TECHNICAL OUTLOOK : 13.01.2017
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
GBP/USD. Pair after opening at 1.2204 made a high of 1.2317, and could not sustain the higher levels and reversed from the 21DMA at 1.2311 and trading below the supports of 1.22 so utilize higher levels in the pair to sell so intraday would be volatile to sell on rise.
Fundamental Overview
Pound is trading at 1.2171 after be brief stint above the 1.23 mark in yesterday's session. There was no economic data but the US dollar weakness helped support the surge in Pound. News about a press
conference by UK PM May on next Tuesday unsettled the nerves of traders who drove the price below 1.22. Expect a range bound move in Pound going into the US retail sales data.
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
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Fundamental Overview
Pound is trading at 1.2171 after be brief stint above the 1.23 mark in yesterday's session. There was no economic data but the US dollar weakness helped support the surge in Pound. News about a press
conference by UK PM May on next Tuesday unsettled the nerves of traders who drove the price below 1.22. Expect a range bound move in Pound going into the US retail sales data.