GBP/USD outlook

GBP/USD outlook: Intraday 6703-26 is key level. Targets below are 6687, 6665, 6639, 6622 and 6596. Above targets are 6739, 6755, 6776-81, 6812 and 6838. Today’s sensible range is 6687-6781/6812. If gold stays below 1260 and EUR/USD stays below its key level of 3594-3618, sensible range should be considered as 6639-6726/39. If USD/JPY remains above 101.82 and GBP/JPY remains above 170.22 positive momentum might be observed or vice versa. If EUR/GBP is trending above 8130 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 6687, 6702, 6721, 6760 and 6815. 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