GBP/USD
outlook: Intraday 7114-34 is key level. Targets below are 7100, 7078,
7069, 7050-41 and 6970. Above targets are 7153, 7167, 7183 and
7201-7193. Today’s sensible range is 7100-7167/83. If gold stays above 1320 and EUR/USD stays above its key level of 3594-3605, sensible range should be considered as 7078-7153. If USD/JPY remains above 101.70 and GBP/JPY remains above 174.06, positive momentum might be observed or vice versa. If EUR/GBP is trending above 7937 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 7178, 7134 and 7100. 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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