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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 30, 2011

GBP/USD Technical Updates 30-SEP-2011

GBP/USD Outlook:Current level 5592. Below 5570/65 a downward pressure might exist. Sustain above 5565/70 first target will be 5660/65 and then second target 5760/70 area. Below  5565-70 next level will be 5450-75.Break of 5760/70 will target 5830.Today’s sensible range is 5450-5750. If market goes out of these ranges stay away from it as that will be an abnormal behavior.

By
M.Zohaib Gadit
Forex Trading Consultant

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