GBP/USD outlook

GBP/USD outlook: Intraday 6865-92 is key level. Targets below are 6845, 6829, 6816, 6796, 6768-55 and 6700. Above targets are 6908, 6933, 7069 and 7084. Today’s sensible range is 6796-6908. If gold stays above 1290 and EUR/USD stays above its key level of 3850-86, sensible range should be considered as 6865-6933/7069. If USD/JPY remains above 102.40 and GBP/JPY remains above 172.62 positive momentum might be observed or vice versa. If EUR/GBP is trending above 8222 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 6891, 6856, 6821 and 6796. 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