GBP/USD outlook

GBP/USD outlook: Intraday 5858-78 is key level. Targets below are 5834-15, 5791, 5768, 5742-50 and 5646. Above targets are 5875-86, 5901-14, 5938 and 6027. Today’s sensible range is 5768-5886. If gold stays above 1693 and EUR/USD stays above its key level of 2531-50, sensible range should be considered as 5834-5938. 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, 5830 and 5938. 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.