GBP/USD
outlook: Intraday 6611-23 is key level. Targets below are 6591-81,
6559, 6545-33, 6514-06, 6475-69 and 6448. Above targets are 6639-42,
6667, 6693, 6717 and 6740-52. Today’s sensible range is 6514-6642. If gold stays above 1302 and EUR/USD stays above its key level of 3735-65, sensible range should be considered as 6581-6693/6717. If USD/JPY remains above 102.26 and GBP/JPY remains above 169.87 positive momentum might be observed or vice versa. If EUR/GBP is trending above 8283 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 6644, 6611, 6581 and 6559. 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.
From trend follow-up perspective important closing rates are > or < areas of 6644, 6611, 6581 and 6559. 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.
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