GBP/USD TECHNICAL OUTLOOK : 31.01.2017
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
GBP/USD. Pair after opening at 1.2549 made a high of 1.2600, and saw the pair trading with a negative bias after a volatile session and recovered but 1.26 is acting as a strong resistance in the pair meanwhile strong supports comes at 1.24 levels so the pair likely to trade volatile in the said range so trade the above ranges.
Fundamental Overview
British Pound is trading at 1.2512, depreciating as US dollar rebounds in European session yesterday. There is no major data to be published today. We expect Pound to be volatile in the range of 1.24-1.26 levels, ahead of UK Parliaments debate to invoke Article 50 of Brexit.
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
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Fundamental Overview
British Pound is trading at 1.2512, depreciating as US dollar rebounds in European session yesterday. There is no major data to be published today. We expect Pound to be volatile in the range of 1.24-1.26 levels, ahead of UK Parliaments debate to invoke Article 50 of Brexit.