Daily Report - 13 Dec 2016


End of Day Technical Analysis Report for:

EURUSD, GBPUSD, AUDUSD, USDJPY and GOLD



► EUR/USD: looks like price is bouncing off 1.0520 support for the 3rd time. Sustained upside is now likely.
Technical Recommendation: Look for further bounce
                                                                 EURUSD - Daily

GBP/USD: market set to break thorugh 1.2680 once more. We remain Long.
Technical Recommendation: We are 2.5 x Risk Long. Pos 1 +430 pips, pos 2 +244 pips, pos 3 +130 pips
                                                                 GBPUSD - Daily
                                                   Back to Top

► AUD/USD: market looks likely to break confluent resistance at the 38.2 Fib abd the 200 sma. We remain Long and are likely to move our target higher.
Technical Recommendation: We are Long. Position +90 pips.
                                                                 AUDUSD - Daily
                           Back to Top

► USDJPY: our Short from last week got stopped out. Price approaching next resistance 116.70 but the market is over due a correction. We certainly don't recommend going Long here so we are looking for a Shorting opportunity.
Technical Recommendation: Looking for a reversal.
                                                                 USDJPY - Daily

GOLD: our Short last week was stopped out. Market over due a bounce.
Technical Recommendation: Looking for an opportunity to buy this market for a bounce.
                                                                XAUUSD - Daily

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