GBP/USD TECHNICAL OUTLOOK : 23.01.2017
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
GBP/USD. Pair after opening at 1.2331 made a high of 1.2380, and saw the pair trading with some
negative bias after testing the levels of 1.2380 but after the speech the pair reversed and traded with positive bias so likely to trade with positive bias and can head 1.25 where strong supply can come in so intraday buy any dips.
Fundamental Overview
Pound is trading at 1.24, appreciating against the US dollar only because of the laters' weakness. With a hard Brexit now confirmed, every announcement about Brexit will have an impact on the Pound and will more likely be a negative one. limited data from all markets today would leave traders searching for clues and we expect bond and equity markets to be the searchlight for today. we prefer short position near 1.25.
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
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negative bias after testing the levels of 1.2380 but after the speech the pair reversed and traded with positive bias so likely to trade with positive bias and can head 1.25 where strong supply can come in so intraday buy any dips.
Fundamental Overview
Pound is trading at 1.24, appreciating against the US dollar only because of the laters' weakness. With a hard Brexit now confirmed, every announcement about Brexit will have an impact on the Pound and will more likely be a negative one. limited data from all markets today would leave traders searching for clues and we expect bond and equity markets to be the searchlight for today. we prefer short position near 1.25.