Daily Report - 4 Jan 2017

End of Day Technical Analysis Report for:


► EUR/USD: looks like price is bouncing off 1.0390 support repeatedly. A strong bounce is now likely.
Technical Recommendation: Look for a bounce
                                                                 EURUSD - Daily

GBP/USD: Sterling is consolidating between 1.2200 and 1.2380 in the short term. There is no indication of a breakout either way so we recommend standing by.
Technical Recommendation: Stand aside
                                                                 GBPUSD - Daily
                                                   Back to Top

► AUD/USD: market has made a strong bounce off 0.7175. Price now at the 20 sma dynamic resistance. We believe a further bounce is on the cards.
Technical Recommendation: Preference to further upside.
                                                                 AUDUSD - Daily
                           Back to Top

► USDJPY: the weekly chart shows a possible reversal is in the making. We are looking for a Shorting opportunity.
Technical Recommendation: Looking for a reversal.
                                                                 USDJPY - Weekly

GOLD: price pausing at 1165 mild resistance. Market over due a bounce so we are looking to buy on any dip.
Technical Recommendation: Looking for an opportunity to buy this market for a bounce.
                                                                XAUUSD - Daily


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