Weekly – pound remain buy on dips targets 1.2650-1.30

Weekly - pound remain buy on dips targets 1.2650-1.30 Weekly gbp usd forex technicals for 21 to 25 November 2016 Gbp usd pair this week closed at 1.2343 with almost 2% drop. Pound is bounce back from oversold zone and already shown high up to 1.27. Gbp usd outlook remain bullish from medium term view while in short term expect high volatile moves on news flow. Gbp usd forex weekly chart showing support zones around 1.2280 and 1.21 and remain fresh buying zones. On upside 1.25 and 1.27 are resistances as well as target zones.

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Pramod Baviskar

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