GBP/USD
outlook: Intraday 6580-95 is key level. Targets below are 6559-52,
6536, 6514 and 6486. Above targets are 6622, 6640, 6652 and 6686.
Today’s sensible range is 6536-6595/6622. If gold stays below 1279 and EUR/USD stays below its key level of 3230-41, sensible range should be considered as 6514-6595. If USD/JPY remains above 103.95 and GBP/JPY remains above 172.32, positive momentum might be observed or vice versa. If EUR/GBP is trending above 7992 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 6545, 6587 and 6622. 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
No comments:
Post a Comment
Feel free to comment.