GBP/USD
outlook: Intraday 6847-64 is key level. Targets below are 6815, 6781,
6755, 6738 and 6687. Above targets are 6887, 6916, 6953-55, 6982 and
7041. Today’s sensible range is 6755-6864/87. If gold stays above 1295 and EUR/USD stays above its key level of 3708-18, sensible range should be considered as 6815-6955/82. If USD/JPY remains above 102.20 and GBP/JPY remains above 172.18 positive momentum might be observed or vice versa. If EUR/GBP is trending above 8157 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 6882, 6844, 6826 and 6745. 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