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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.

Tuesday, March 6, 2012

GBP/USD outlook


GBP/USD outlook: Intraday 5840-50 is key level. Targets below are 5775-80 and 5720. Above targets are 5870, 5940 and 5980. Today’s sensible range is 5920-5750 area. If the market goes out of these ranges stay away from it as that will be an abnormal behavior from intraday trading perspective.

From trend follow-up perspective important closing rates are areas of 5830 and 5787.  Note: To know the strategies and directions to trade, maintain your portfolio at Shivani Financial.

1 comment:

  1. Forex is like trading a business and how to get started. Interest rates in a country are determined, under free market conditions, by supply of and demand for money.

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