GBP/USD outlook: Intraday 6623-35 is key level. Targets below are 6597, 6582, 6559,
6545-36 and 6501. Above targets are 6649-52, 6667, 6696, 6742-45 and 6760-84.
Today’s sensible range is 6559-6652/67. If gold stays above 1369 and EUR/USD stays above its key level of 3900-14, sensible range should be considered as 6582-6696/6745. If USD/JPY remains below 101.62 and GBP/JPY remains above 169.29 positive momentum might be observed or vice versa. If EUR/GBP is trending above 8359 and EUR/USD is in bullish mode, GBP/USD might remain under pressure or vice versa. If the market goes out of these ranges stay away from it as that will be an abnormal behavior from intraday trading perspective.
6545-36 and 6501. Above targets are 6649-52, 6667, 6696, 6742-45 and 6760-84.
Today’s sensible range is 6559-6652/67. If gold stays above 1369 and EUR/USD stays above its key level of 3900-14, sensible range should be considered as 6582-6696/6745. If USD/JPY remains below 101.62 and GBP/JPY remains above 169.29 positive momentum might be observed or vice versa. If EUR/GBP is trending above 8359 and EUR/USD is in bullish mode, GBP/USD might remain under pressure or vice versa. 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 6745, 6667, 6624 and 6582. 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.
No comments:
Post a Comment
Feel free to comment.