GBP/USD outlook

GBP/USD outlook: Intraday 6774-96 is key level. Targets below are 6755-48, 6718, 6687 and 6644. Above targets are 6821, 6840, 6865 and 6880. Today’s sensible range is 6718-6821/40. If gold stays above 1287 and EUR/USD stays above its key level of 3807-26, sensible range should be considered as 6774-6865. If USD/JPY remains above 102.26 and GBP/JPY remains above 172.03 positive momentum might be observed or vice versa. If EUR/GBP is trending above 8235 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 6868, 6821 and 6794. 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. #forex #forex_trading #gbpusd