GBP/USD TECHNICAL OUTLOOK : 06.02.2017
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
Fundamental Overview
Pound is trading at 1.2495 and has been the only currency among the majors that has lost ground against the US dollar in the previous week. Most of the economic data that was published last week was lower than expected and investor nervousness about Brexit and the invocation of Article 50 will keep the market on toes. No data from the UK today and the pair is likely to hinge around the 1.25 mark.
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
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GBP/USD. Pair after opening at at 1.2530 made a high of 1.2538 on last trading day and saw the pair not able to sustain above 1.27 few days back and reversed but on the down side strong supports comes at 1.24 so until that is violated the pair is likely to remain on the range of 1.24-1.27 in the near term so trade the aforesaid range.Fundamental Overview
Pound is trading at 1.2495 and has been the only currency among the majors that has lost ground against the US dollar in the previous week. Most of the economic data that was published last week was lower than expected and investor nervousness about Brexit and the invocation of Article 50 will keep the market on toes. No data from the UK today and the pair is likely to hinge around the 1.25 mark.