GBP/USD TECHNICAL OUTLOOK:28.11.2016
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
GBP/USD. Pair after opening at 1.2422 made a low of 1.2352, and seen some selling pressure from the higher levels , but it respected 1.2350 mark and saw some bounce 1.25-1.26 has been strong resistance in the pair 1.26 is has been strong resistance in the pair until the pair close above 1.26 the pair likely to find resistance in the pair but 1.25 is acting as a support but utilize the buy dips to buy for the day.
Fundamental Overview
Pound is trading at 1.2521, appreciating against the US dollar in early trade as the former retreated from the previous weeks high. UK economy continued to remain resilient despite the Brexit fears and this has helped stabilize the slide in Pound. Expect the broader range of 1.23-1.26 to remain intact in the near term.
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
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Fundamental Overview
Pound is trading at 1.2521, appreciating against the US dollar in early trade as the former retreated from the previous weeks high. UK economy continued to remain resilient despite the Brexit fears and this has helped stabilize the slide in Pound. Expect the broader range of 1.23-1.26 to remain intact in the near term.
