Jiming Huang / Blog
Pivot (invalidation): 5.3220 Our preference Long positions above 5.3220 with targets at 5.3700 & 5.4000 in extension. Alternative scenario Below 5.3220 look for further downside with 5.2970 & 5.2680 as targets...
Pivot (invalidation): 0.7205 Our preference Short positions below 0.7205 with targets at 0.7175 & 0.7160 in extension. Alternative scenario Above 0.7205 look for further upside with 0.7220 & 0.7235 as targets...
Pivot (invalidation): 1.3380 Our preference Short positions below 1.3380 with targets at 1.3340 & 1.3320 in extension. Alternative scenario Above 1.3380 look for further upside with 1.3420 & 1.3445 as targets...
Pivot (invalidation): 1.3380 Our preference Short positions below 1.3380 with targets at 1.3340 & 1.3320 in extension. Alternative scenario Above 1.3380 look for further upside with 1.3420 & 1.3445 as targets...
Pivot (invalidation): 0.9910 Our preference Long positions above 0.9910 with targets at 0.9965 & 0.9990 in extension. Alternative scenario Below 0.9910 look for further downside with 0.9890 & 0.9865 as targets...
Pivot (invalidation): 113.40 Our preference Long positions above 113.40 with targets at 113.70 & 113.85 in extension. Alternative scenario Below 113.40 look for further downside with 113.25 & 113.10 as targets...
Pivot (invalidation): 1.2610 Our preference Long positions above 1.2610 with targets at 1.2685 & 1.2720 in extension. Alternative scenario Below 1.2610 look for further downside with 1.2565 & 1.2520 as targets...
Pivot (invalidation): 1.1375 Our preference Short positions below 1.1375 with targets at 1.1345 & 1.1330 in extension. Alternative scenario Above 1.1375 look for further upside with 1.1400 & 1.1425 as targets...
Although UK Prime Minister May survived a vote of no confidence yesterday, which boosted the cable 1.58%, the pound is still in negative territory week-to-date (-0.33%). The March 2019 Brexit deadline remains, and the UK parliament is likely to reject the current withdrawal agreement...