Daily Report - 24 Nov 2016


End of Day Technical Analysis Report for:

EURUSD, GBPUSD, AUDUSD, USDJPY and GOLD



► EUR/USD: market still stuck at the top of 1.0460-1.0520 support band. We are looking for a reversal signal in this area in coming days.
Technical Recommendation: Looking for a reversal signal.
                                                                 EURUSD - Weekly

GBP/USD: a bullish confirmation after yesterday's doji at confluent support . We remain Long and expect an upward rotation from here.
Technical Recommendation: We are 1 1/2 x Risk Long. Position 1 +221 pips, position 2 +36 pips
                                                                 GBPUSD - Daily

► AUD/USD: we closed previous Long last night for just 36 pips profit but went Long again in the morning after the bounce back. The selling we expectd in teh Asian session did not materialize
Technical Recommendation: We are Long. Position at B/E.
                                                                 AUDUSD - Daily
                           Back to Top

► USDJPY: further strength today. We expect market to pause at 61.8 Fib but eventually reach 117.00 resistance.
Technical Recommendation: Bullish continuation.
                                                                 USDJPY - Weekly

GOLD: still below 1200 today. Looking to join this downtrend on any pull back.
Technical Recommendation: Looking to go Short on pull backs.
                                                                XAUUSD - Weekly

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