Forex Market News

Headlines

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.

Monday, September 10, 2012

GBP/USD outlook



GBP/USD outlook: Intraday 5970-6014 is key level. Targets below are 5938, 5911, 5876 and 5858. Above targets are 6029, 6057, 6098/6108 and 6164. Today’s sensible range is 5911-6029. If gold stays above 1722 and EUR/USD stays above its key level of 2807, sensible range should be considered as 5970-6098. 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 5938 and 6014. 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

No comments:

Post a Comment

Feel free to comment.

Subscribe to: Post Comments (Atom)