GBP/USD outlook

GBP/USD outlook: Intraday 6852 is key level. Targets below are 6832, 6819, 6781-78, 6754-40 and 6726. Above targets are 6876-87, 6919, 6946-55, 6971 and 6988-7019. Today’s sensible range is 6819-6919/46. If gold stays below 1302 and EUR/USD stays below its key level of 3365-3403, sensible range should be considered as 6781-6876/87. If USD/JPY remains above 102.15 and GBP/JPY remains above 172.27, positive momentum might be observed or vice versa. If EUR/GBP is trending above 7946 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 66778, 6819, 6852 and 6895. 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