GBP/USD outlook

GBP/USD outlook: Intraday 6623-49 is key level. Targets below are 6599, 6584, 6559, 6545-35 and 6514-06. Above targets are 6662-67, 6683, 6715, 6745 and 6781. Today’s sensible range is 6559-6662/67. If gold stays above 1286 and EUR/USD stays above its key level of 3767-81, sensible range should be considered as 6599-6683/6715. If USD/JPY remains above 103.78 and GBP/JPY remains above 172.64 positive momentum might be observed or vice versa. If EUR/GBP is trending above 8276 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 6667, 6631 and 6598. 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