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Daily Market Our View 28/04/2016

EUR/USD

Long position above 1.1255. Target 1.136. Conversely, break below 1.1255, to open 1.1215.

Comments: The pair hits resistance and reverses.

GBP/USD

Short position below 1.462. Target 1.4465. Conversely, break above 1.462, to open 1.4665.

Comments: The pair remains under pressure. Further weakness favored.

USD/JPY

Short position below 111. Target 108.7. Conversely, break above 111, to open 111.8.

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

AUD/USD

Short position below 0.769. Target 0.753. Conversely, break above 0.769, to open 0.772.

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

GOLD

Long position above 1236. Target 1252. Conversely, break below 1236, to open 1231.

Comments: The pair hits resistance and reverses.

CRUDE OIL

Long position above 43.6. Target 45.3. Conversely, break below 43.6, to open 43.1.

Comments: The pair hits resistance and reverses.

DOW JONES

Short position below 18015. Target 17750. Conversely, break above 18015, to open 18080.

Comments: The pair remains under pressure. Further weakness favored.

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