Daily market recommendations for today Monday 20-01-2014

EURUSD Near Term : Downside favored
Pivot Point : 1.3580
EURUSD is Downside favored, So Sell at 1.358 with Target at 1.348
If breaks above pivot 1.358 Buy with Target at 1.3625

GBPUSD Near Term : Upside favored
Pivot Point : 1.6380
GBPUSD is Upside favored , So Buy at 1.638 with Target at 1.6465
If breaks below pivot 1.638 Sell with Target at 1.63

USDJPY Near Term : Downside favored
Pivot Point : 104.45
USDJPY is Downside favored, So Sell at 104.45 with Target at 103.5
If breaks above pivot 104.45 Buy with Target at 104.65

Crude Oil Near Term : Upside favored
Pivot Point : 93.60
Crude Oil is Upside favored , So Buy at 93.6 with Target at 94.9
If breaks below pivot 93.6 Sell with Target at 93

Gold Near Term : Upside favored
Pivot Point : 1245
Crude Oil is Upside favored , So Buy at 1245 with Target at 1261
If breaks below pivot 1245 Sell with Target at 1234


Most Important Forex Events for Today (GMT):
· GDP for Chinese Yuan at 02:00
· PPI for German Euro at 07:00
· CPI for New Zealand Dollar at 21:45