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Daily Market Our View 12/05/2016

EUR/USD

Long position above 1.1385. Target 1.145. Conversely, break below 1.1385, to open 1.1355.

Comments: The pair remains supported. Further advance favored.

GBP/USD

Short position below 1.454. Target 1.437. Conversely, break above 1.454, to open 1.457.

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

USD/JPY

Long position above 108.25. Target 109.45. Conversely, break below 108.25, to open 107.5.

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

AUD/USD

Short position below 0.7415. Target 0.73. Conversely, break above 0.7415, to open 0.7445.

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

GOLD

Long position above 1264. Target 1283. Conversely, break below 1264, to open 1259.

Comments: The pair faces corrective pullback before fresh rally.

CRUDE OIL

Long position above 44.95. Target 46.75. Conversely, break below 44.95, to open 43.95.

Comments: The pair remains supported. Further advance favored.

DOW JONES

Short position below 17850. Target 17600. Conversely, break above 17850, to open 17910.

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

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