GBP/USD outlook:
Intraday 5580-5609 is key level. Targets below are 5554-63, 5533-43, 5501,
5478-90 and 5435. Above targets are 5646, 5671-80, 5748 and 5787. Today’s
sensible range is 5501-5680. If gold stays
below 1559, EUR/USD stays below its key level of 2567-80 and Mervyn King has
hawkish views, sensible range should be considered as 5478-5646.
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 > or < areas of 5478, 5580 and 5646. 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 > or < areas of 5478, 5580 and 5646. 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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