GBP/USD TECHNICAL OUTLOOK:21.11.2016
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
GBP/USD. Pair after opening at 1.2412made a high of 1.2436, and seen some bounce from the lower levels but could not sustain the bounce and selling started in the pair from the higher levels , and the pair could not sustain the levels of 1.24 and gave away all its gains the pair is having 50DMA at 1.26 and s facing strong supply , and making lower top on the daily time frame so any rise shall be utilize to sell the pair but watch out 1.2300 levels as that is a immediate support.
Fundamental Overview
Pound is trading at 1.2353, depreciating marginally as compared to the other majors. The US dollar strength had its impact on the British currency finally giving up some gains going into the weekend. Positive economic data and the prospect of a delayed Brexit added to the positive sentiment that drove the pound higher. There is no economic data to be reported today and we expect a slow day for the Pound and can look at buying the pair from lower levels.
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
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Fundamental Overview
Pound is trading at 1.2353, depreciating marginally as compared to the other majors. The US dollar strength had its impact on the British currency finally giving up some gains going into the weekend. Positive economic data and the prospect of a delayed Brexit added to the positive sentiment that drove the pound higher. There is no economic data to be reported today and we expect a slow day for the Pound and can look at buying the pair from lower levels.
