GBP/USD TECHNICAL OUTLOOK : 14.3.2017
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
Fundamental Overview
British Pound is trading at 1.2200, lower against US dollar. We have seen GBP/USD pair reversing from the levels of 1.2250, after profit booking was in place in US dollar post Nonfarm payrolls data. SNP leader Sturgeon confirmed that she will call for a new referendum on Scottish independence, when the UK's exit terms from the EU will be clear.. The UK government is expected to trigger Article 50 as soon as tomorrow, which begins negotiations with the EU. UK government should have sufficient votes for the Brexit bill to be passed today, and a follow-up vote in the House of Lords tomorrow would also likely be approved. Economic calendar remains Light for the day. We prefer selling GBP/USD pair on rise.
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
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GBP/USD Pair after Opening at 1.2167 and made a low of 1.2151 and was trading with a negative bias throughout the day and made a low of 1.2134 and had a strong bounce and tested the high of 1.2248 and now trading above 1.22 levels if sustain above 1.2150 then the pair expects to test 1.2250 ,but the pair would be volatile in the range of 1.2150-1.2250 in today sessionFundamental Overview
British Pound is trading at 1.2200, lower against US dollar. We have seen GBP/USD pair reversing from the levels of 1.2250, after profit booking was in place in US dollar post Nonfarm payrolls data. SNP leader Sturgeon confirmed that she will call for a new referendum on Scottish independence, when the UK's exit terms from the EU will be clear.. The UK government is expected to trigger Article 50 as soon as tomorrow, which begins negotiations with the EU. UK government should have sufficient votes for the Brexit bill to be passed today, and a follow-up vote in the House of Lords tomorrow would also likely be approved. Economic calendar remains Light for the day. We prefer selling GBP/USD pair on rise.
