Jiming Huang / Blog
Pivot (invalidation): 1.1220 Our preference Long positions above 1.1220 with targets at 1.1255 & 1.1265 in extension. Alternative scenario Below 1.1220 look for further downside with 1.1210 & 1.1200 as targets...
The free fall in GBP is difficult to ignore as GBP/USD and GBP/CHF pairs are trading at early 2017 ranges while the situation in GBP/JPY is less rosy as the pair trades at late 2016 levels, confirming that GBP weakness is heavily skewed towards Brexit headlines, while upside moves are particularl...
The summer doldrums are here. Volatility in FX markets has all but dried up, only GBP providing fireworks as UK and EU leaders quarreled. Declining interest rate expectations and rising stock of negative-yielding bond have marginally exciting the FX carry trade...
Pivot (invalidation): 58.20 Our preference Short positions below 58.20 with targets at 57.10 & 56.45 in extension. Alternative scenario Above 58.20 look for further upside with 58.90 & 59.25 as targets...
Pivot (invalidation): 15.5000 Our preference Long positions above 15.5000 with targets at 15.6600 & 15.7500 in extension. Alternative scenario Below 15.5000 look for further downside with 15.3800 & 15.2900 as targets...
Pivot (invalidation): 1410.00 Our preference Short positions below 1410.00 with targets at 1400.50 & 1396.00 in extension. Alternative scenario Above 1410.00 look for further upside with 1416.00 & 1419.00 as targets...
Pivot (invalidation): 3015.00 Our preference Short positions below 3015.00 with targets at 2988.00 & 2973.00 in extension. Alternative scenario Above 3015.00 look for further upside with 3023.00 & 3032.00 as targets...
Pivot (invalidation): 12370.00 Our preference Long positions above 12370.00 with targets at 12480.00 & 12540.00 in extension. Alternative scenario Below 12370.00 look for further downside with 12300.00 & 12260.00 as targets...
Pivot (invalidation): 5.7200 Our preference Short positions below 5.7200 with targets at 5.6950 & 5.6790 in extension. Alternative scenario Above 5.7200 look for further upside with 5.7330 & 5.7580 as targets...