GBP/USD outlook

GBP/USD outlook: Intraday 6821 is key level. Targets below are 6781, 6766-55, 6739, 6705 and 6687. Above targets are 6851, 6876, 6894, 6916 and 6955-60. Today’s sensible range is 6766-6851/76. If gold stays below 1273 and EUR/USD stays below its key level of 3636-47, sensible range should be considered as 6705-6821. If USD/JPY remains above 101.81 and GBP/JPY remains above 171.36 positive momentum might be observed or vice versa. If EUR/GBP is trending above 8101 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 6850, 6820, 6781 and 6766. 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