Jiming Huang / Blog
Pivot (invalidation): 12295.00 Our preference Short positions below 12295.00 with targets at 12160.00 & 12100.00 in extension. Alternative scenario Above 12295.00 look for further upside with 12340.00 & 12400.00 as targets...
Pivot (invalidation): 5.6600 Our preference Short positions below 5.6600 with targets at 5.5970 & 5.5620 in extension. Alternative scenario Above 5.6600 look for further upside with 5.6850 & 5.7090 as targets...
Pivot (invalidation): 0.7050 Our preference Long positions above 0.7050 with targets at 0.7090 & 0.7105 in extension. Alternative scenario Below 0.7050 look for further downside with 0.7035 & 0.7025 as targets...
Pivot (invalidation): 1.3050 Our preference Short positions below 1.3050 with targets at 1.3000 & 1.2980 in extension. Alternative scenario Above 1.3050 look for further upside with 1.3070 & 1.3095 as targets...
Pivot (invalidation): 0.9845 Our preference Short positions below 0.9845 with targets at 0.9805 & 0.9780 in extension. Alternative scenario Above 0.9845 look for further upside with 0.9870 & 0.9885 as targets...
Pivot (invalidation): 107.65 Our preference Short positions below 107.65 with targets at 107.35 & 107.20 in extension. Alternative scenario Above 107.65 look for further upside with 107.85 & 108.05 as targets...
Pivot (invalidation): 1.2520 Our preference Long positions above 1.2520 with targets at 1.2575 & 1.2600 in extension. Alternative scenario Below 1.2520 look for further downside with 1.2495 & 1.2460 as targets...
Pivot (invalidation): 1.1245 Our preference Long positions above 1.1245 with targets at 1.1280 & 1.1300 in extension. Alternative scenario Below 1.1245 look for further downside with 1.1225 & 1.1210 as targets...
Trade data are here to confirm it: the dependence to China’s exports is weighing on the Japanese manufacturing industry. In decline territory for the fourth straight month, exports to China dropped 10.1% in June, confirming a slowing Chinese economy following the release of 2Q GDP figure of 6...