GBP/USD outlook

GBP/USD outlook: Intraday 6928-41 is key level. Targets below are 6890, 6876, 6859, 6835, 6781 and 6755. Above targets are 6973, 6992, 7043, 7069 and 7199. Today’s sensible range is 6859-6941/73. If gold stays above 1297 and EUR/USD stays above its key level of 3839-47, sensible range should be considered as 6890-6992/7043. If USD/JPY remains above 101.80 and GBP/JPY remains above 172.40/25 positive momentum might be observed or vice versa. If EUR/GBP is trending above 8193 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 6972, 6927, 6890 and 6835. 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