EN 
CN 
EURUSD
Bias: Bearish
We look to Sell at 1.1293 with target prices of 1.1153 and 1.1125, and a stop price of 1.1358
Confidence: 60%
Technical Analysis
- Following yesterday’s bearish candle, the overall trend lower looks set to continue today
- Neckline resistance 1.1300
- A mild correction has been posted from yesterdays low, this is seen as a retest of the breakout level
- Further downside is expected although we prefer to sell into rallies close to the 1.1300 level
GBPUSD
Bias: Bearish
We look to Sell at 1.3500 with target prices of 1.3375 and 1.3300, and a stop price of 1.3545
Confidence: 40%
Technical Analysis
- Buying pressure from 1.3273 resulted in prices rejecting the dip
- The current move higher is expected to continue
- The bias is still for lower levels and we look for any gains to be limited
- Preferred trade is to sell into rallies
USDJPY
Bias: Bearish
We look to Sell at 115.45 with target prices of 114.51 and 114.25, and a stop price of 115.87
Confidence: 20%
Technical Analysis
- A bearish Head and Shoulders is forming
- This is negative for sentiment and the downtrend has potential to return
- Further downside is expected
- We look to sell rallies
GOLD
Bias: Bullish
We look to Buy at 1883 with target prices of 1958 and 1980, and a stop price of 1849
Confidence: 100%
Technical Analysis
- The primary trend remains bullish
- Although we remain bullish overall, a correction is possible with plenty of room to move lower without impacting the trend higher
- Dip buying offers good risk/reward
- Further upside is expected although we prefer to buy into dips close to the 1880 level
GER40
Bias: Bearish
We look to Sell a break of 14197 with target prices of 13951 and 13901, and a stop price of 14294
Confidence: 40%
Technical Analysis
- Daily signals are bearish
- There is no clear indication that the downward move is coming to an end
- Previous support at 14300 now becomes resistance
- A break of the recent low at 14220 should result in a further move lower
AUDUSD
Bias: Bearish
We look to Sell at 0.7246 with target prices of 0.7127 and 0.7100, and a stop price of 0.7299
Confidence: 60%
Technical Analysis
- Following yesterday’s bearish candle, the overall trend lower looks set to continue today
- We look for a temporary move higher
- Rallies should be capped by yesterday’s high
- Preferred trade is to sell into rallies
WTI
Bias: Bearish
We look to Sell at 97.79 with target prices of 90.10 and 89.50, and a stop price of 101.26
Confidence: 20%
Technical Analysis
- The primary trend remains bullish
- Although we remain bullish overall, a correction is possible with plenty of room to move lower without impacting the trend higher
- A lower correction is expected
- Selling spikes offers good risk/reward
- Although the anticipated move lower is corrective, it does offer ample risk/reward today
