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Shivani Financial GBP/USD short term bottom seems 5478-5383 and top 6210-42. Shivani Financial EUR/USD short term bottom seems 2580-2618 and top 3510. Shivani Financial USD seems to weaken this quarter with GBP target of 6330 and EUR of 3250 if talks of QE3 takes place and euro area resolution policies implemented without new story. Shivani FinancialGold has taken correction according to our forecast for it to go 1850 by August end.

Friday, September 9, 2011

GBP/USD Outllook

Intraday 5970 is key level. Targets below are 5905-5930, 5880-95 and 5845-60. Above targets are 6028 and than 6055 area. Break of this will target 6145. Today’s sensible range is 5845-6055. If market goes out of these ranges stay away from it as that will be an abnormal behavior.

From trend follow-up perspective important closing rates are areas of 5940, 6014, 6050.
By
M.Zohaib Gadit
Forex Trading Consultant

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