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Sell GBP/USD on rise: Nirmal Bang
Nirmal Bang has come out with its report on currency
GBP/USD did break 1.5900 in yesterdays trading session as per our expectations, it has a major support of 1.5780 for the day but a bounce back upto 1.5940 cannot be ruled out. Overall it will be a sell on rise.
EUR/USD has a major resistance at 1.3850, it did made high of 1.3829 in yesterdays trading session but it did not sustain and is currently trading at 1.3684. It can bounce back upto 1.3725 but the trend will remain bearish.
USD/JPY can fall upto 77.85 levels but has a major support at 77.75. For the day it can be bought on dips. The expected intraday range will be 77.80-78.40.
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Source: http://www.moneycontrol.com/news/brokerage-recos-currencies/sell-gbpusdrise-nirmal-bang_610398.html
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