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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.

Thursday, August 30, 2012

GBP/USD outlook



GBP/USD outlook: Intraday 5815-41 is key level. Targets below are 5797, 5770, 5743 and 5660. Above targets are 5858, 5893, 5938 and 6014. Today’s sensible range is 5770-5858. If gold stays above 1659 and EUR/USD stays above its key level of 2514-59, sensible range should be considered as 5797-5893. 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.
Location: Karachi, Pakistan

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