Pivot (invalidation): 3272.00 Our preference Long positions above 3272.00 with targets at 3329.00 & 3360.00 in extension. Alternative scenario Below 3272.00 look for further downside with 3223.00 & 3200.00 as targets...
Pivot (invalidation): 12500.00 Our preference Long positions above 12500.00 with targets at 12770.00 & 12825.00 in extension. Alternative scenario Below 12500.00 look for further downside with 12370.00 & 12260.00 as targets...
Pivot (invalidation): 6.9540 Our preference Long positions above 6.9540 with targets at 6.9870 & 7.0060 in extension. Alternative scenario Below 6.9540 look for further downside with 6.9330 & 6.9170 as targets...
Pivot (invalidation): 0.7100 Our preference Long positions above 0.7100 with targets at 0.7150 & 0.7175 in extension. Alternative scenario Below 0.7100 look for further downside with 0.7075 & 0.7050 as targets...
Pivot (invalidation): 1.3420 Our preference Short positions below 1.3420 with targets at 1.3370 & 1.3350 in extension. Alternative scenario Above 1.3420 look for further upside with 1.3450 & 1.3480 as targets...
Pivot (invalidation): 0.9200 Our preference Short positions below 0.9200 with targets at 0.9160 & 0.9140 in extension. Alternative scenario Above 0.9200 look for further upside with 0.9220 & 0.9240 as targets...
Pivot (invalidation): 105.85 Our preference Long positions above 105.85 with targets at 106.45 & 106.70 in extension. Alternative scenario Below 105.85 look for further downside with 105.55 & 105.25 as targets...
Pivot (invalidation): 1.3040 Our preference Long positions above 1.3040 with targets at 1.3105 & 1.3140 in extension. Alternative scenario Below 1.3040 look for further downside with 1.3005 & 1.2975 as targets...
Pivot (invalidation): 1.1735 Our preference Long positions above 1.1735 with targets at 1.1780 & 1.1805 in extension. Alternative scenario Below 1.1735 look for further downside with 1.1695 & 1.1660 as targets...
The pound remains under pressure from Brexit risks. It strengthened slightly earlier in the European session today after the July Purchasing Managers Index (for the UK manufacturing sector) publication. Markit Economics has released updated data that showed the UK manufacturing PMI rose to 53...
Pivot (invalidation): 39.65 Our preference Long positions above 39.65 with targets at 40.45 & 40.70 in extension. Alternative scenario Below 39.65 look for further downside with 39.40 & 39.00 as targets...
Pivot (invalidation): 24.0000 Our preference Long positions above 24.0000 with targets at 24.6200 & 24.9500 in extension. Alternative scenario Below 24.0000 look for further downside with 23.5400 & 23.2500 as targets...
Pivot (invalidation): 1970.00 Our preference Long positions above 1970.00 with targets at 1981.50 & 1988.00 in extension. Alternative scenario Below 1970.00 look for further downside with 1959.00 & 1951.50 as targets...
Pivot (invalidation): 3236.00 Our preference Long positions above 3236.00 with targets at 3280.00 & 3329.00 in extension. Alternative scenario Below 3236.00 look for further downside with 3205.00 & 3180.00 as targets...
Pivot (invalidation): 12260.00 Our preference Long positions above 12260.00 with targets at 12405.00 & 12525.00 in extension. Alternative scenario Below 12260.00 look for further downside with 12100.00 & 12000.00 as targets...
Pivot (invalidation): 6.9550 Our preference Long positions above 6.9550 with targets at 7.0070 & 7.0250 in extension. Alternative scenario Below 6.9550 look for further downside with 6.9350 & 6.9170 as targets...
Pivot (invalidation): 0.7160 Our preference Short positions below 0.7160 with targets at 0.7105 & 0.7085 in extension. Alternative scenario Above 0.7160 look for further upside with 0.7185 & 0.7200 as targets...
Pivot (invalidation): 1.3435 Our preference Short positions below 1.3435 with targets at 1.3370 & 1.3350 in extension. Alternative scenario Above 1.3435 look for further upside with 1.3460 & 1.3480 as targets...
Pivot (invalidation): 0.9120 Our preference Long positions above 0.9120 with targets at 0.9170 & 0.9185 in extension. Alternative scenario Below 0.9120 look for further downside with 0.9095 & 0.9070 as targets...
