GBP/USD
outlook: Intraday 6686-6704 is key level. Targets below are 6663,
6649-40 and 6624. Above targets are 6719, 6745-54 and 6771. Today’s
sensible range is 6649-6704/19. If gold stays above 1301 and EUR/USD stays above its key level of 3375-3404, sensible range should be considered as 6663-6719/54. If USD/JPY remains above 102.38 and GBP/JPY remains above 171.18, positive momentum might be observed or vice versa. If EUR/GBP is trending above 7997 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 6663, 6695 and 6720. 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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