GBP/USD TECHNICAL OUTLOOK : 27.02.2017
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
Fundamental Overview
Pound is trading at 1.2420, falling from near the 1.2550 levels that were seen on Friday. There was no major data that initiated such move but as per markets, there was a large sell order which dragged the pair lower. There is no data to be reported from the UK today but the overall picture for the pound remains weak going into the Brexit negotiations that are expected to begin in a month’s time.
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
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GBP/USD. Pair after opening at at 1.2456 made a high of 1.2561 on last trading day and was trading with a positive bias and tested the supply zone above 1.2550 and reversed and now trading near the support zone of 1.24 if sustain can expect a bounce but if traded and close below the above mentioned levels likely to head further down.Fundamental Overview
Pound is trading at 1.2420, falling from near the 1.2550 levels that were seen on Friday. There was no major data that initiated such move but as per markets, there was a large sell order which dragged the pair lower. There is no data to be reported from the UK today but the overall picture for the pound remains weak going into the Brexit negotiations that are expected to begin in a month’s time.