GBP/USD outlook

GBP/USD outlook: Intraday 5776-87 is key level. Targets below are 5745-54, 5718, 5682 and 5646-54. Above targets are 5804, 5815-30, 5858-74 and 5892. Today’s sensible range is 5718-5830. If gold stays above 1668 and EUR/USD stays above its key level of 2514, sensible range should be considered as 5754-5874. 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 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.