GBP/USD
outlook: Intraday 6574-6600 is key level. Targets below are 6559, 6536,
6514 and 6486. Above targets are 6622, 6640, 6652 and 6678-86. Today’s
sensible range is 6559-6640. If gold stays above 1285 and EUR/USD stays above its key level of 3139-46, sensible range should be considered as 6574-6652/78. If USD/JPY remains above 103.96 and GBP/JPY remains above 172.48, positive momentum might be observed or vice versa. If EUR/GBP is trending above 7925 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 areas of 6585, 6634 and 6640. 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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