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GBPUSD Weekly Analysis 29 February to 4 March | February 28, 2016



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Gbpusd has broken 1.4000 physiological level last week. Now this pair is below this level. So this pair will be on bearish mode as longer as it will stay below this area. 1.4040 level can be sell zone for this pair now. We should look for sell on this pair.


On weekly chart, we can see a big bearish candle on this pair. This big bearish candle is giving selling idea on this pair. So it is better to stay on sell mode on this pair and target will be 1.3700 level.


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