Daily market recommendations for today Tuesday 08-04-2014

EURUSD Near Term : Upside favored
Pivot Point : 1.3735
EURUSD is Upside favored , So Buy at 1.3735 with Target at 1.382
If breaks below pivot 1.3735 Sell with Target at 1.371

GBPUSD Near Term : Upside favored
Pivot Point : 1.6620
GBPUSD is Upside favored , So Buy at 1.662 with Target at 1.6735
If breaks below pivot 1.662 Sell with Target at 1.658

USDJPY Near Term : Downside favored
Pivot Point : 102.75
USDJPY is Downside favored, So Sell at 102.75 with Target at 101.7
If breaks above pivot 102.75 Buy with Target at 103.05

Crude Oil Near Term : Downside favored
Pivot Point : 101.4
Crude Oil is Downside favored, So Sell at 101.4 with Target at 99.8
If breaks above pivot 101.4 Buy with Target at 102.2

Gold Near Term : Upside favored
Pivot Point : 1295
Gold is Upside favored , So Buy at 1295 with Target at 1316
If breaks below pivot 1295 Sell with Target at 1284


Most Important Forex Events for Today (GMT):
· Monetary Policy Statement for Japanese Yen
· BOJ Press Conference for Japanese Yen
· Manufacturing Production for British Pound at 08:30
· Building Permits for Canadian Dollar at 12:30