GBP/USD
outlook: Intraday 6465-86 is key level. Targets below are 6448-41,
6430, 6417 and 6382. Above targets are 6504, 6514, 6535-44, 6559 and
6595. Today’s sensible range is 6441-6514/44. If gold stays below 1271 and EUR/USD stays below its key level of 3144, sensible range should be considered as 6417-6486/6504. If USD/JPY remains below 104.85 and GBP/JPY remains above 173.32, positive momentum might be observed or vice versa. If EUR/GBP is trending above 7972 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 6448, 6490 and 6517. 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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