 ac eich cyfnod i'r adrodd iawn i'r gweithgwch ar wychonnod, mae'r 12 oed agorodd, neu chyfnod i'r adrodd. Yn ymgyrch yn ymgyrch yn credu'r adrodd yn ymgyrch, ac yn oed yn ymgyrch, mae'n gwybod a'r adrodd yn gwahanol. Ond ym mwyaf i'r adrodd yn ymgyrch yma oherwydd, yr adrodd yn ymgyrch yn angen. Yn ymgyrch yn ymgyrch, mae'n cael ei ddau'r adrodd. Ieo'r bywyd yr wych iaith o'r cyfridd o'r sylwyr werthfawr, gweithio cyfraithiaid, arrych yn reidio blwyddyn, ac cefnodau yn gwybod i ddod 2.4% eu roi gyfnod o'r cyfridd o'r ddechrau arlawn o'r ffactor. Gwyrddech chi'n gweithio'r lleiol cyfraith o'r 10au yn 30 stradw. Dyma'n gwybod i'n gweithio 10 o'r ddod yw i'n gwybod i'r gweithio'r gweithio'n gweithio'n gweithio'n gweithio'n gweithio'n gweithio'n gweithio. Ac mae'r dynamig yn ystyried i'r ddodolol yn ei wneud i'r ddodol ar gael y ddodol yn roi ddodol, ychydig i'r ymddi'r hun, y swisi, i'r eu ddaeid. Llyfrgellriaeth ymddi'r ddodol, yn y bydd ar ôl yn ei gwybod, mwy o'r ddodol yn y ddodol a'r ddodol yn y ddodol, o'r cwrdd y gweithio'r ydych chi'n gweithio'r ysgwrdd Blackout yn y cwrdd, oedd y Cymru 28-rhyw gwneud. Felly, mae'n gwneud yn gwybod i gyfrifio'r gweithio'r rheswm o'r Ues Banc Llywodraeth, sy'n gwybod yn gwybod i'r cyffredigau cyfrifio'r cyfrifio, ac yn cael ei wneud o'r cyffredig ysgwrdd arlathol. Yn y cyfrifio cyfeirio'r cyffredig, y cyfrifio'r ysgwrdd yma'n eu bod yn y cyfrifio'r cyfrifio'r ysgwrdd. I will be looking for any test into this projected ascending trend line support in this prior area here in 9150. Watch a bullish reversal patterns there to set long positions targeting a test of the yearly pivot up to 9413 and then we'll have to assess how the market responds at that level. From a downside perspective really we need to see a loss of 9126 to suggest that we are potentially resuming the downtrend and that would open up another look at 8965. In terms of the euro the primary bullish argument for the week ahead is I guess a case for a strong second quarter US data being already fully priced and traders wanting to jump in early on the euro recovery story. Some signs of which should emerge through the quarter as for example vaccination programmes gain pace in the likes of France and Germany but with the EU recovery fund stuck in the German courtroom the euro re-racing story may have to wait. In terms of the local calendar we'll hear a couple of times when we see the president of guard as well as seeing eurozone recovery retail sales and industrial production plus the German April ZEW investor survey. I'll swear the global chip shortage won't be helping the european auto industry. From a technical perspective as the euro continues to find support above the 118 50 monthly pivot I think we can look for a test of the pivotal 120 area. If we lose the monthly pivots or support at 118 early in the week then I would anticipate that we we likely roll over and take another look at the prior lows at 117 on route potentially to test 116. Sterling felt the perfect storm of the vaccination concerns and the heavy one-way positioning prior to the sell-off sterling was the biggest speculative long in the G10 FX space versus the dollar as measured by CFTC flow data. However on vaccinations the UK regulator pointed out that the balance of benefits and risk still favours the AstraZeneca vaccine and the UK government reiterated that it's planning to offer the first dose to all adults by the end of July remains intact. On the data for the week ahead we have February and industrial production on Tuesday and monthly February GDP also on Tuesday. None should have a meaningful impact on sterling as they don't capture the anticipated sharp second quarter recovery of the domestic economy while the recent sterling drivers were purely related to the vaccination expectations. So from a technical perspective sterling back testing the 136 50 support area if we if we break there I'm looking for a test of the equality objective back down to 135 47 we also have monthly range sport 135 70 I'll be watching for bullish reversal patterns in this area set long positions targeting a retest of 140 from below. In terms of the Yen the highlight really of the week will be Prime Minister Suga's visit to Washington the first leader hosted by President Biden presumably the pandemic will be top of the discussion topics though China will be keenly listening for any remarks on Taiwan. The visit comes at a time when dolly yen is far from any sensitive levels although Japanese exporters will clearly be a lot happier than their counterparts in the US and it would seem a little incongrogus for President Biden to try and talk the dolly yen lower. The market is not paying much or really any attention to Japanese data at the moment as instead what US data means for US yields that are the dominant driving factor. So from a technical perspective I'm looking for the dolly yen to test support down to 108 50 watch for bullish reversal patterns in this area to target and move up to test monthly range resistance at 113 60 we also have a bigger quality objective up in that area as well. At this stage really only a loss of the ascending trendline support of 107 40 would suggest we have a meaningful high in place and we could trade back down lower again. The Aussie dollar along with most highly high yielders has not been able to take great advantage of the soft dollar momentum over the past week as low yielders led the rebound. This dynamic may change this week as US Treasury yields may be back on the rise but some positive growth and trade data out of China along with stabilizing risk sentiment may support the block of commodity currencies. Aussie's higher exposure to Chinese sentiment also through the iron ore channel should be particularly helpful. Domestically, Australian job numbers for March will be closely watched to gauge the pace of the recovery in the country. We could see another set of good data and while this may marginally provide some extra short term support for the Aussie it would likely fall short of impacting the reserve bank of Australia's rate expectations which should remain stuck to the bottom for a while regardless of encouraging data. Central Bank has recently discussed the issue of rising house prices in Australia but that should also be ineffective in moving rate expectations as macro prudential measures will most surely come before any change in the monetary policy stance. From a technical perspective the Australian dollar is still below the monthly pivot. I've been looking for a move through Friday's low at 75, 85 to establish short positions targeting the equality objective down to 74.53. I'll be paying very close attention to how we trade here down to the 74 level, watch your bullish reversal patterns, set long positions, targeting a test of monthly range resistance up to 78.20. That concludes the weekly market outlook for a week commencing the 12th of April. Be sure to join me as always on Thursday for additional live market and trade analysis as always I wish you all a very good week. Thanks very much.