GBP/USD
outlook: Intraday 7134 is key level. Targets below are 7113, 7096, 7071
and 7041. Above targets are 7142, 7160, 7184, 7201 and 7215-31. Today’s
sensible range is 7113-7184. If gold stays below 1334 and EUR/USD stays below its key level of 3595-3615, sensible range should be considered as 7071-7142/60. If USD/JPY remains above 101.34 and GBP/JPY remains above 173.71, positive momentum might be observed or vice versa. If EUR/GBP is trending above 7947 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 7158, 7134 and 7096. 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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