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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 16, 2012

GBP/USD outlook


GBP/USD outlook: Intraday 5680-90 is key level. Targets below are 5646 and 5580-90. 5478 area seems maximum downside for this week if it goes bearish but chances are very less. Above targets are 5754-62, 5787 and 5815. Today’s sensible range is 5646-5815. If you have buys in gbp/usd it seems that no panic should be made until 5580 bottom. 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 5646, 5787 and 5830.  Note: To know the strategies and directions to trade, maintain your portfolio at Shivani Financial. The analysis given is not trading signals but the market picture.

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