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GBP/USD short term bottom seems 5478-5383 and top 6210-42.
EUR/USD short term bottom seems 2580-2618 and top 3510.
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.
Gold has taken correction according to our forecast for it to go 1850 by August end.
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Friday, April 13, 2012
Analysis Modification
If gold stays above 1665, I would like to change the sensible range of GBP/USD to 5895-6032 and EUR/USD to 3109-3277.
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