GBP/USD outlook

GBP/USD outlook: Intraday 5786-97 is key level. Targets below are 5774, 5747, 5705 and 5646-60. Above targets are 5815-30, 5858, 5890 and 5906-38. Today’s sensible range is 5747-5830. If gold stays above 1656 and EUR/USD stays above its key level of 2514-23, sensible range should be considered as 5774-5890. 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.