GBP/USD
outlook: Intraday 6572-6605 is key level. Targets below are 6559,
6545-36, 6514-01 and 6486-75. Above targets are 6622, 6640, 6653 and
6686. Today’s sensible range is 6559-6622/40. If gold stays below 1283 and EUR/USD stays below its key level of 3182-3200, sensible range should be considered as 6536-6605. If USD/JPY remains above 103.91 and GBP/JPY remains above 172.21, positive momentum might be observed or vice versa. If EUR/GBP is trending above 7963 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, 6571 and 6605. 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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