GBP/USD outlook

GBP/USD outlook: Intraday 6057-76 is key level. Targets below are 6014-27, 5960, 5938 and 5890. Above targets are 6108, 6164 and 6214. Today’s sensible range is 5938-6108. If gold stays above 1732 and EUR/USD stays above its key level of 2870, sensible range should be considered as 6014-6164. 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, 6057. 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.