GBP/USD
outlook: Intraday 7099-12 is key level. Targets below are 7084, 7069,
7041 and 6985. Above targets are 7129, 7142-47, 7162, 7192 and 7212.
Today’s sensible range is 7084-7147/62. If gold stays below 1311 and EUR/USD stays below its key level of 3517-30, sensible range should be considered as 7069-7112/28. If USD/JPY remains above 101.46 and GBP/JPY remains above 173.63, positive momentum might be observed or vice versa. If EUR/GBP is trending above 7917 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 7099 and 7129. 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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