GBP/USD TECHNICAL OUTLOOK : 30.08.2016
NIFTY Fut TREND : BUY ZONE
BANKNIFTY Fut : BUY ZONE
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GBP/USD. Pair after opening at 1.3135 made a high of 1.3139 , and saw some profit booking from the higher levels the pair is respecting the levels of 1.3200 as a resistance and 20DMA at 1.3128 and 1.3000 is acting as a support for the pair and rise is shorting opportunity for medium to long term player as the pair is making lower top and bottom formation
Fundamental Overview
Pound is trading at 1.3089, trading on a weaker note on Monday after remaining stronger than other currency pairs on Friday. The UK markets remained closed yesterday and no economic data was reported. Mortgage approvals data is due to be reported and it is unlikely to be market moving. Expect a range bound trading for the day and we would like to fade upticks near 1.3150.
NIFTY Fut TREND : BUY ZONE
BANKNIFTY Fut : BUY ZONE
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GBP/USD. Pair after opening at 1.3135 made a high of 1.3139 , and saw some profit booking from the higher levels the pair is respecting the levels of 1.3200 as a resistance and 20DMA at 1.3128 and 1.3000 is acting as a support for the pair and rise is shorting opportunity for medium to long term player as the pair is making lower top and bottom formation
Fundamental Overview
Pound is trading at 1.3089, trading on a weaker note on Monday after remaining stronger than other currency pairs on Friday. The UK markets remained closed yesterday and no economic data was reported. Mortgage approvals data is due to be reported and it is unlikely to be market moving. Expect a range bound trading for the day and we would like to fade upticks near 1.3150.
