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Shivani Financial GBP/USD short term bottom seems 5478-5383 and top 6210-42. Shivani Financial EUR/USD short term bottom seems 2580-2618 and top 3510. Shivani Financial USD seems to weaken this quarter with GBP target of 6330 and EUR of 3250 if talks of QE3 takes place and euro area resolution policies implemented without new story. Shivani FinancialGold has taken correction according to our forecast for it to go 1850 by August end.

Monday, February 27, 2012

GBP/USD outlook


GBP/USD outlook:Intraday 5830 is key level. Targets below are 5760-80, 5720 and 5660. Above targets are 5940 to 5980 area. Break of this will target 6050. Today’s sensible range is 5940-5720 area.  If market goes out of these ranges stay away from it as that will be an abnormal behavior.

From trend follow-up perspective important closing rates are areas of 5830,5770 and 5660.
Note: To know the strategies and directions to trade, maintain your portfolio at Shivani Financial.

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