GBP/USD TECHNICAL OUTLOOK : 13.02.2017
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
Fundamental Overview
Pound is trading at 1.2490, weakening against US dollar. Uncertainty over invocation of Article 50 by end March has kept the GBP under pressure against basket of currencies. Industrial Production data which was reported on Friday was at better that expected. Economic calendar remains light for the day. Expect Pound to remain under pressure for the day Upside capped at 1.2534.
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
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GBP/USD. Pair after opening at at 1.2537 made a high of 1.2582 on last trading day and was trading with some sidewise bias ,the pair after violating the levels the levels of 1.2400 few days back and bounced signifying strong support of 1.24 but resistance are coming near 1.27 so pair is likely to trade in the range of 1.24-1.27 in the short term until the pair violates the levels of 1.24 dips is a buying opportunityFundamental Overview
Pound is trading at 1.2490, weakening against US dollar. Uncertainty over invocation of Article 50 by end March has kept the GBP under pressure against basket of currencies. Industrial Production data which was reported on Friday was at better that expected. Economic calendar remains light for the day. Expect Pound to remain under pressure for the day Upside capped at 1.2534.