Daily Report - 11 Apr 2017

End of Day Technical Analysis Report for:


► EUR/USD: Price consolidating around 1.0600 and below the 8 ema. This is a key area. Medium term we see this as the completion of a 2nd wave in the current downtrend and expect a 3rd wave to start, resulting in further downside to re-test 1.0400-1.0500 area of support
Technical Recommendation: Looking for a downward rotation
                                                                 EURUSD - Daily

GBP/USD: as price has bounced 1.2420 confluent support, the push to break 1.2555 resistance is underway as predicted.
Technical Recommendation: Market to test 1.2555.
                                                                 GBPUSD - Daily
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► AUD/USD: Price has reached 0.7500 support as predicted. We  stand aside here to see what happens at this key area.
Technical Recommendation: Stand aside.
                                                                 AUDUSD - Daily
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► USDJPY: market breaks 110>00 support and resumes to the downside.  Price getting closer to our target
Technical Recommendation: We are Short. Position +296 pips in profit
                                                                  USDJPY - Daily
                                                                USDJPY - Weekly
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GOLD: upside breakout of 1260 resistance as per our last daily of last week. We resisted closing our Long after Friday's pin bar at resistance as intraday action did support a breakout. We are still Long.
Technical Recommendation: We are Long. Position +180 pips in profit
                                                               XAUUSD - Daily


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