GBP/USD
outlook: Intraday 6597-6622 is key level. Targets below are 6580, 6559,
6545-35 and 6514-05. Above targets are 6644, 6667, 6693, 6740 and 6780.
Today’s sensible range is 6580-6667/93. If gold stays above 1298 and EUR/USD stays above its key level of 3718-37, sensible range should be considered as 6559-6644. If USD/JPY remains above 103.04 and GBP/JPY remains above 171.13 positive momentum might be observed or vice versa. If EUR/GBP is trending above 8270 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 6559, 6583, 6620 and 6667. 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
From trend follow-up perspective important closing rates are > or < areas of 6559, 6583, 6620 and 6667. 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
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