02.28
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Technical analysis and forex forecasts GBP-USD for the week of Feb 27 to 2

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The last week has, we wrote “Nevertheless, we must not forget that the daily MACD is bearish. For now and until we take over 5680/5720, one can well imagine that this is a bearish retracement of the rise began in early January “and parity after being re- test area supports 5680 is increased again this weekend to close Friday night in 5870 after an earlier on 5898.

Last Monday, all eyes were on Brussels and the signing of an agreement with Greece led to the Euro zone to end weeks of uncertainty. Thus, the pound took the opportunity to test the higher return.


Nevertheless, we must not forget that the daily MACD is bearish. But as for the Eurodollar last week, it is possible that we are still in a bearish retracement of the rise began in early January. Also, we should come out on top and a departure to 1.60/1.61 is expected.

The adventurous can sell the beginning of the week in 5930/20 for a return to 5720 with stoploss above 5950. A return to 5720 and even more in 5680, we would return to the bottom of the current consolidation is always a risk with back downward. But nevertheless, this should not be the case and we will stay on the purchaser parity for the week on areas of support.

The shopping areas are on 5820 and area 5780/70 and 5680/70 and beyond 5930.

Our tip for the week; We buy over 5920 and it sells below to buy 5720/5670

We buy 5920/30 for 5980 and 6020/80
We sell 5930 to 5720/5680
We buy 5680/5720 for 5880/5920

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