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Daily Market Our View 12/02/2016

EUR/USD

Long position above 1.127. Target 1.14. Conversely, break below 1.127, to open 1.124.

My Comments: The pair remains supported. Further advance favored.

GBP/USD

Short position below 1.452. Target 1.4375. Conversely, break above 1.452, to open 1.4575.

My Comments: The pair is expected to resume descend after correction.

JPY/USD

Short position below 113.55. Target 110.35. Conversely, break above 113.55, to open 114.15.

My Comments: The pair is expected to resume descend after correction.

AUD/USD

Short position below 0.7125. Target 0.697. Conversely, break above 0.7125, to open 0.716.

My Comments: The pair is expected to resume descend after correction.

Gold

Long position above 1215. Target 1263. Conversely, break below 1215, to open 1200.

My Comments: The pair is expected to resume advance after correction.

Oil

Short position below 28.2. Target 25.5. Conversely, break above 28.2, to open 29.15.

My Comments: The pair is expected to resume descend after correction.

Dow

Short position below 15725. Target 15465. Conversely, break above 15725, to open 15810.

My Comments: The pair is expected to resume descend after correction.

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