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Daily Forex market commentary - Tuesday 25th February 2014

GBP/USD - Price Action Buy opportunity From Key Support

GBP/USD yesterday was strong under seller pressure but its close above 1.6650 key support level. Currently its high probability that bullish trend will resume again. If market continue its uptrend then trader can buy near 1.6600 on intraday chart if they found any reversal trader setup with next 1.6800 target almost risk reward 1:3 (for educational purposes only).


Gold - Under Strong Bullish Pressure

Gold yesterday closed below 1337 key level, Currently buyer strong pressure found on day chart but it seems over bought now and market need correction for continue its bullish trend, Trade can watch 1278 key level in upcoming days for joining it bullish trend.




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