According to the manager of the Bank of England Mark Carney, Brexit and the exit of the UK from the EU without an agreement - “this is a real economic shock, so central banks will play secondary roles”...
GBPUSD looks to extend corrective recovery strength having halted its recent weakness. Support is located at 1.2800 level. Further down, support comes in at the 1.2750 level where a break will turn focus to the 1.2700 level. Further down, support comes in at the 1.2650 level...
Pivot (invalidation): 56.50 Our preference Long positions above 56.50 with targets at 57.60 & 58.15 in extension. Alternative scenario Below 56.50 look for further downside with 56.00 & 55.25 as targets...
Pivot (invalidation): 14.3300 Our preference Long positions above 14.3300 with targets at 14.4400 & 14.4800 in extension. Alternative scenario Below 14.3300 look for further downside with 14.2200 & 14.1600 as targets...
Pivot (invalidation): 1219.00 Our preference Long positions above 1219.00 with targets at 1225.50 & 1228.00 in extension. Alternative scenario Below 1219.00 look for further downside with 1216.50 & 1213.50 as targets...
Pivot (invalidation): 2721.75 Our preference Short positions below 2721.75 with targets at 2670.00 & 2640.00 in extension. Alternative scenario Above 2721.75 look for further upside with 2744.00 & 2765.00 as targets...
Pivot (invalidation): 11205.00 Our preference Long positions above 11205.00 with targets at 11353.00 & 11420.00 in extension. Alternative scenario Below 11205.00 look for further downside with 11132.00 & 11051.00 as targets...
Pivot (invalidation): 5.3460 Our preference Short positions below 5.3460 with targets at 5.3000 & 5.2690 in extension. Alternative scenario Above 5.3460 look for further upside with 5.3670 & 5.3930 as targets...
Pivot (invalidation): 0.7305 Our preference Short positions below 0.7305 with targets at 0.7275 & 0.7250 in extension. Alternative scenario Above 0.7305 look for further upside with 0.7325 & 0.7340 as targets...
Pivot (invalidation): 1.3185 Our preference Short positions below 1.3185 with targets at 1.3155 & 1.3140 in extension. Alternative scenario Above 1.3185 look for further upside with 1.3200 & 1.3215 as targets...
Pivot (invalidation): 0.9955 Our preference Short positions below 0.9955 with targets at 0.9915 & 0.9880 in extension. Alternative scenario Above 0.9955 look for further upside with 0.9985 & 1.0010 as targets...
Pivot (invalidation): 112.65 Our preference Short positions below 112.65 with targets at 112.35 & 112.00 in extension. Alternative scenario Above 112.65 look for further upside with 112.85 & 113.15 as targets...
Pivot (invalidation): 1.2830 Our preference Long positions above 1.2830 with targets at 1.2880 & 1.2915 in extension. Alternative scenario Below 1.2830 look for further downside with 1.2800 & 1.2755 as targets...
Pivot (invalidation): 1.1420 Our preference Long positions above 1.1420 with targets at 1.1475 & 1.1500 in extension. Alternative scenario Below 1.1420 look for further downside with 1.1390 & 1.1365 as targets...
A very interesting view of how Quants work, and the effects of their work on the world of Stock markets. A must-see... Cheers...
EURJPY threatens further bullishness on recovery higher. This is coming on the back of its flat close the past week. Support comes in at the 128.50 level where a break if seen will aim at the 128.00 level. A cut through here will turn focus to the 127.50 level and possibly lower towards the 127...
Pivot (invalidation): 56.45 Our preference Long positions above 56.45 with targets at 57.95 & 58.35 in extension. Alternative scenario Below 56.45 look for further downside with 55.90 & 55.60 as targets...
Pivot (invalidation): 14.2900 Our preference Long positions above 14.2900 with targets at 14.4600 & 14.5300 in extension. Alternative scenario Below 14.2900 look for further downside with 14.2200 & 14.1600 as targets...
Pivot (invalidation): 1216.50 Our preference Long positions above 1216.50 with targets at 1225.50 & 1228.00 in extension. Alternative scenario Below 1216.50 look for further downside with 1211.00 & 1207.50 as targets...
