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Weekly Scenario in Forex Market
|Currency Pair||Analysis for the week: 24 th February to 28 th February 2015|
|EUR/USD||It should trade higher to 1.1461 while 1.1369 or 1.1328 offers support. Stop loss below 1.1288 zone.|
|GBP/USD||There are initial signs of a good corrective recovery towards 1.5434 or even 1.5473. Supports at 1.5352 and 1.5309 zone.|
|GBP/JPY||A correction down to 181.97 or lower is now expected from 183.71 or 184.44. A break above 185.75 is needed to turn bullish.|
|GOLD||Market should not go lower than 1190.41 - 1186.96. After this move down it should go up to 1218.93 - 1225.99 area. Intraday Rebound.|
It should trade lower to 0.7776. Resistances are at 0.7881 and 0.7917. A break of 0.7986 is bullish, confirmed by a close above 0.7940.