Jiming Huang / Blog
Pivot (invalidation): 6.8450 Our preference Long positions above 6.8450 with targets at 6.8610 & 6.8720 in extension. Alternative scenario Below 6.8450 look for further downside with 6.8310 & 6.8190 as targets...
Pivot (invalidation): 0.6830 Our preference Long positions above 0.6830 with targets at 0.6875 & 0.6900 in extension. Alternative scenario Below 0.6830 look for further downside with 0.6795 & 0.6770 as targets...
Pivot (invalidation): 1.3615 Our preference Short positions below 1.3615 with targets at 1.3580 & 1.3555 in extension. Alternative scenario Above 1.3615 look for further upside with 1.3635 & 1.3655 as targets...
c Pivot (invalidation): 0.9520 Our preference Short positions below 0.9520 with targets at 0.9500 & 0.9480 in extension. Alternative scenario Above 0.9520 look for further upside with 0.9530 & 0.9545 as targets...
USD/JPY Under pressure. Pivot (invalidation): 107.05 Our preference Short positions below 107.05 with targets at 106.80 & 106.65 in extension. Alternative scenario...
Pivot (invalidation): 1.2400 Our preference Long positions above 1.2400 with targets at 1.2450 & 1.2480 in extension. Alternative scenario Below 1.2400 look for further downside with 1.2360 & 1.2320 as targets...
Pivot (invalidation): 1.1185 Our preference Long positions above 1.1185 with targets at 1.1225 & 1.1260 in extension. Alternative scenario Below 1.1185 look for further downside with 1.1160 & 1.1140 as targets...
In the respect, the Bank of England (BoE) is expected to maintain the benchmark rate unchanged at the historical low of 0.10% and to expand its asset purchases program by at least 100/150-billion pound at today’s monetary policy meeting...
Investors hesitate between taking profit and letting the market slip on second-wave fears and carrying the actual rally higher on reassurance that the Federal Reserve (Fed) and other central banks would mobilize more measures to support asset prices...