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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.

Monday, September 24, 2012

GBP/USD outlook



GBP/USD outlook: Intraday 6213-6242 is key level. Targets below are 6189, 6164 and 6108-6091. Above targets are 6270 and 6330. Today’s sensible range is 6164-6270. If gold stays above 1776 and EUR/USD stays above its key level of 2994, sensible range should be considered as 6189-6330. 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.
Location: Karachi, Pakistan

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