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Published on 19/07/2019 12:16:33 PM | Source: Reliance Securities Ltd

GBPUSD Spot has been showing high volatility as it is approaching the crucial support zone - Reliance Securities

Posted in Currency Report| #Currency Tips #Reliance Securities Ltd

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GBPUSD

* NSE GBPUSD Spot has been showing high volatility as it is approaching the crucial support zone. Probability of retracement on upside is higher from current levels.

* The above daily chart shows that it has been continuously finding support of the channel which is a good sign.

* There is positive divergence on RSI which suggests that momentum is lacking on downside. Hence any move above 1.2580 wi|| suggests that trend towards 1.2750 has started.

STRATEGY: None.

 

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