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Pivot (invalidation): 0.9930 Our preference Short positions below 0.9930 with targets at 0.9890 & 0.9860 in extension. Alternative scenario Above 0.9930 look for further upside with 0.9960 & 0.9990 as targets...

Pivot (invalidation): 107.95 Our preference Short positions below 107.95 with targets at 107.35 & 107.00 in extension. Alternative scenario Above 107.95 look for further upside with 108.20 & 108.50 as targets...

Pivot (invalidation): 1.2650 Our preference Long positions above 1.2650 with targets at 1.2705 & 1.2730 in extension. Alternative scenario Below 1.2650 look for further downside with 1.2620 & 1.2590 as targets...

Pivot (invalidation): 1.1240 Our preference Long positions above 1.1240 with targets at 1.1300 & 1.1325 in extension. Alternative scenario Below 1.1240 look for further downside with 1.1220 & 1.1200 as targets...

GBPJPY triggers corrective recovery nearer term as we expect more gain in the days ahead. On the downside, support comes in at the 136.00 level where a violation will aim at the 135.50 level. A break below here will target the 135.00 level followed by the 134.50 level...

Not much has changed in the Bank of England rhetoric...

Global equities went through the roof yesterday amid hints from Mario Draghi that the ECB was ready to launch another round of stimulus should inflation fails to accelerate. The EuroSTOXX 50 jumped as much as 2...

Pivot (invalidation): 53.55 Our preference Long positions above 53.55 with targets at 54.35 & 54.75 in extension. Alternative scenario Below 53.55 look for further downside with 52.90 & 52.35 as targets...

Pivot (invalidation): 14.9200 Our preference Long positions above 14.9200 with targets at 15.0300 & 15.0800 in extension. Alternative scenario Below 14.9200 look for further downside with 14.8600 & 14.8000 as targets...

Pivot (invalidation): 1341.50 Our preference Long positions above 1341.50 with targets at 1349.00 & 1352.00 in extension. Alternative scenario Below 1341.50 look for further downside with 1337.00 & 1333.00 as targets...

Pivot (invalidation): 2897.00 Our preference Long positions above 2897.00 with targets at 2935.00 & 2953.00 in extension. Alternative scenario Below 2897.00 look for further downside with 2871.50 & 2851.50 as targets...

Pivot (invalidation): 12200.00 Our preference Long positions above 12200.00 with targets at 12455.00 & 12548.00 in extension. Alternative scenario Below 12200.00 look for further downside with 12110.00 & 11980.00 as targets...

Pivot (invalidation): 5.8510 Our preference Short positions below 5.8510 with targets at 5.8150 & 5.7970 in extension. Alternative scenario Above 5.8510 look for further upside with 5.8760 & 5.9050 as targets...

Pivot (invalidation): 0.6860 Our preference Long positions above 0.6860 with targets at 0.6885 & 0.6905 in extension. Alternative scenario Below 0.6860 look for further downside with 0.6845 & 0.6830 as targets...

Pivot (invalidation): 1.3395 Our preference Short positions below 1.3395 with targets at 1.3360 & 1.3345 in extension. Alternative scenario Above 1.3395 look for further upside with 1.3415 & 1.3430 as targets...

Pivot (invalidation): 0.9990 Our preference Long positions above 0.9990 with targets at 1.0025 & 1.0045 in extension. Alternative scenario Below 0.9990 look for further downside with 0.9975 & 0.9960 as targets...

Pivot (invalidation): 108.35 Our preference Long positions above 108.35 with targets at 108.70 & 108.90 in extension. Alternative scenario Below 108.35 look for further downside with 108.20 & 108.05 as targets...

Pivot (invalidation): 1.2540 Our preference Long positions above 1.2540 with targets at 1.2580 & 1.2600 in extension. Alternative scenario Below 1.2540 look for further downside with 1.2510 & 1.2490 as targets...

Pivot (invalidation): 1.1210 Our preference Short positions below 1.1210 with targets at 1.1180 & 1.1160 in extension. Alternative scenario Above 1.1210 look for further upside with 1.1225 & 1.1240 as targets...

The one thing that is guaranteed in anyone’s trading career is losses. Even the best traders in the world lose from time to time. What the best traders have in common however, is that they are very professional losers. Knowing how to lose properly is a must in a long and prosperous trading career...