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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, March 9, 2012

GBP/USD outlook


GBP/USD outlook: Intraday 5826-40 is key level. Targets below are 5787, 5760, 5716 and 5655-85. Overall bottom if made seems to be changed from 5580 to 5655-85 area now. Above targets are 5860 and 5940. Break of this will target 6050 area. Today’s sensible range is 5716-5940 area. Less chances seems for the break of 5760 area. But if broken than below targets will definitively inevitable till 5716 and 5655-85 area. Bullishness can be traded even till 6000 area with care. 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 5787, 5830 and 5940.  Note: To know the strategies and directions to trade, maintain your portfolio at Shivani Financial.

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