GBP/USD
outlook: Intraday 6569-80 is key level. Targets below are 6559-52,
6536, 6514-02 and 6486. Above targets are 6595, 6624, 6640 and 6686.
Today’s sensible range is 6559-6595/6624. If gold stays below 1282 and EUR/USD stays below its key level of 3182-3202, sensible range should be considered as 6536-6595.
If USD/JPY remains above 103.86 and GBP/JPY remains above 172.21,
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, 6580 and 6624. 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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