GBP/USD TECHNICAL OUTLOOK : 16.01.2017
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
GBP/USD. Pair after opening at 1.2152 made a high of 1.2252, and could not sustain the higher levels and reversed from the 21DMA at 1.2311 a day before signifying the aggressiveness of the bears at the higher levels and in morning gap down due to Brexit concern so intraday utilize sell on rise strategy.
Fundamental Overview
Pound is trading at 1.2024, opening lower by 1.5% as fears of a hard Brexit dominated the markets. UK PM is expected to announce a hard exit from the EU and this news is driving the pair lower. expect the pair to trend lower going into the event tomorrow.
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
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Fundamental Overview
Pound is trading at 1.2024, opening lower by 1.5% as fears of a hard Brexit dominated the markets. UK PM is expected to announce a hard exit from the EU and this news is driving the pair lower. expect the pair to trend lower going into the event tomorrow.
