GBP/USD TECHNICAL OUTLOOK : 27.01.2017
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
Fundamental Overview
British Pound is trading at 1.2588, falling from the highs of 1.2674 that were seen before the better than expected GDP data was published yesterday. US dollar strength dominated the Pound yesterday and focus would be on the meeting between UK PM May and Donald Trump today. Any trade pact between the US and UK would add to positive sentiment and will drive the USDGBP pair above the 1.27 mark.
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
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GBP/USD. Pair after opening at 1.2636 made a high of 1.2674, and saw the pair trading volatile and made a high of 1.2674 and could not sustain the higher levels and corrected the pair likely to see volatility in the range of 1.2420-1.2680 for the near term with supports at lower levels so until close below 1.24 the pair likely to trade higher.
Fundamental Overview
British Pound is trading at 1.2588, falling from the highs of 1.2674 that were seen before the better than expected GDP data was published yesterday. US dollar strength dominated the Pound yesterday and focus would be on the meeting between UK PM May and Donald Trump today. Any trade pact between the US and UK would add to positive sentiment and will drive the USDGBP pair above the 1.27 mark.