EUR

Eur is struggling in front of our projected support 1.3630. With the bearish trend that has been so well established, both technically and fundamentally, there is little reason that it shall suddenly or soon end. We will insist on being greedy. Sit tight with short with stop at break even.

GBP

Yesterday’s weak retracement did not help the bearish trend. Immediate support at 1.5470. Taking that out will target our short term target 1.5380. Trade accordingly. Sit tight with short with break even stop.

AUD

As suggested in previous week, the only way to have long aud position is by cross vs non-US currencies. Our view maintain unchanged.

JPY

Market closed consecutively below daily kumo confirmed bearish trend. Daily kumo is very thick representing huge upside resistance. Our suggestion to sell US at 89.80 is still valid.

GBPJPY

Market is challenging our most important support 138.30. Closing below, we cannot see where will be the bottom. Sell on every rally is the only choice.

EURJPY

Market is going to challenge the all mighty 120 level. Closing below that level, the only logical low is all time low at 112.00. Sell on rally is the only choice.

GOLD

As expected, the minor bullish spike reversal got no follow through. Present level is so close to major support 1038.50, building short position at present level not justified. Chart pattern gave no reason to pick bottom. Suggest sitting aside.