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Daily Market Our View 12/04/2016

EUR/USD

Long position above 1.137. Target 1.1465. Conversely, break below 1.137, to open 1.135.

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

GBP/USD

Long position above 1.414. Target 1.4325. Conversely, break below 1.414, to open 1.409.

Comments: The pair remains supported. Further advance favored.

USD/JPY

Short position below 109.1. Target 107.5. Conversely, break above 109.1, to open 109.9.

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

AUD/USD

Long position above 0.7525. Target 0.7635. Conversely, break below 0.7525, to open 0.7475.

Comments: The pair remains supported. Further advance favored.

GOLD

Long position above 1243. Target 1260. Conversely, break below 1243, to open 1239.

Comments: The pair hits resistance and reverses.

CRUDE OIL

Long position above 39.2. Target 41.25. Conversely, break below 39.2, to open 38.25.

Comments: The pair remains supported. Further advance favored.

DOW JONES

Short position below 17650. Target 17400. Conversely, break above 17650, to open 17700.

Comments: The pair faces corrective rally before fresh weakness.

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