GBP/USD
outlook: Intraday 7118-28 is key level. Targets below are 7095, 7069
and 7041. Above targets are 7142-50, 7171, 7195-7201 and 7215. Today’s
sensible range is 7095-7171. If gold stays below 1298-96 and EUR/USD stays below its key level of 3530-45, sensible range should be considered as 7069-7142. If USD/JPY remains above 101.68 and GBP/JPY remains above 174.05, positive momentum might be observed or vice versa. If EUR/GBP is trending above 7898 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 7095 and 7128. 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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