Daily market recommendations for today Wednesday 22-01-2014

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 : 1.6470
GBPUSD is Upside favored , So Buy at 1.647 with Target at 1.6575
If breaks below pivot 1.647 Sell with Target at 1.64

USDJPY Near Term : Upside favored
Pivot Point : 103.90
USDJPY is Upside favored , So Buy at 103.9 with Target at 105.05
If breaks below pivot 103.9 Sell with Target at 103.5

Crude Oil Near Term : Upside favored
Pivot Point : 94.80
Crude Oil is Upside favored , So Buy at 94.8 with Target at 96
If breaks below pivot 94.8 Sell with Target at 94.3

Gold Near Term : Downside favored
Pivot Point : 1250
Gold is Downside favored, So Sell at 1250 with Target at 1234
If breaks above pivot 1250 Buy with Target at 1257


Most Important Forex Events for Today (GMT):
· CPI for Australian Dollar at 00:30
· MPC Official Bank Rate Votes for British Pound at 09:30
· MPC Asset Purchase Facility Votes for British Pound at 09:30
· BOC Rate Statement for Canadian Dollar at 15:00
· BOC Monetary Policy Report for Canadian Dollar at 15:00