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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.

Thursday, December 22, 2011

GBP/USD Technical Outlook (22-Dec-2011)

GBP/USD remains trading a limited 1.5650/1.5680 range in Asia, last at 1.5665.Support 5606(1 target),
Support(2 target) 1.5555/75.Resistance at 1.5730/50(1 target),1.5788(2 Target).


By
M.Zohaib Gadit
Forex Trading Consultant

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