GBP/USD outlook: Intraday 6014 is key level. Targets below are 5983, 5949, 5925-38, 5906 and 5860. Above targets are 6057-63, 6074-85, 6108, 6164 and 6209. Today’s sensible range is 5925-6108/64. Further, if gold stays above 1640 or if EUR/USD stays above key level of 3112-3146 than GBP/USD downside risk might get limited to 5983. 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 5938, 6014 and 6057. 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.
From trend follow-up perspective important closing rates are areas of 5938, 6014 and 6057. 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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