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