GBP/USD outlook

GBP/USD outlook: Intraday 6229-43 is key level. Targets below are 6214, 6164, 6108-29 and 6057. Above targets are 6272, 6301 and 6330-61. Today’s sensible range is 6108-6272. If gold stays above 1763 and EUR/USD stays above its key level of 3119-46, sensible range should be considered as 6214-6301. 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 6240 and 6164. 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.