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Daily Market Our View 20/04/2016

EUR/USD

Long position above 1.1325. Target 1.14. Conversely, break below 1.1325, to open 1.129.

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

GBP/USD

Long position above 1.434. Target 1.4425. Conversely, break below 1.434, to open 1.4285.

Comments: The pair remains supported. Further advance favored.

USD/JPY

Long position above 108.7. Target 109.45. Conversely, break below 108.7, to open 108.4.

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

AUD/USD

Long position above 0.7705. Target 0.7825. Conversely, break below 0.7705, to open 0.7675.

Comments: The pair hits resistance and reverses.

GOLD

Long position above 1240. Target 1259. Conversely, break below 1240, to open 1235.

Comments: The pair remains supported. Further advance favored.

CRUDE OIL

Long position above 39.25. Target 41.75. Conversely, break below 39.25, to open 38.45.

Comments: The pair remains supported. Further advance favored.

DOW JONES

Long position above 17875. Target 18050. Conversely, break below 17875, to open 17800.

Comments: The pair remains supported. Further advance favored.

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