GBP/USD TECHNICAL OUTLOOK : 28.02.2017
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
Fundamental Overview
Pound is trading at 1.2431, with limited movement for most of yesterday. There was no major economic data that was reported but the focus was on the news that, there could be another Scottish referendum in the coming month where Scotland would vote to decide if it wants to be part of the UK. Another referendum definitely adds to the uncertainty surrounding UK and will limit any gains. Focus for the day would be on Trump speech and we prefer selling pound on a rise.
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
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GBP/USD. Pair Opening at 1.2459 made a low of 1.2382 and made a hammer type of pattern on 30 min time frame signifying demand s at the said levels and prices are holding the supports of 1.24 so intraday if holds the said levels can expects some more bounce and the pair can test the levels of 1.2480 so utilize dips to buy the pair .Fundamental Overview
Pound is trading at 1.2431, with limited movement for most of yesterday. There was no major economic data that was reported but the focus was on the news that, there could be another Scottish referendum in the coming month where Scotland would vote to decide if it wants to be part of the UK. Another referendum definitely adds to the uncertainty surrounding UK and will limit any gains. Focus for the day would be on Trump speech and we prefer selling pound on a rise.