Jiming Huang / Blog
Pivot (invalidation): 11700.00 Our preference Short positions below 11700.00 with targets at 11390.00 & 11210.00 in extension. Alternative scenario Above 11700.00 look for further upside with 11900.00 & 12000.00 as targets...
Pivot (invalidation): 6.0080 Our preference Short positions below 6.0080 with targets at 5.8620 & 5.8080 in extension. Alternative scenario Above 6.0080 look for further upside with 6.0810 & 6.1330 as targets...
Pivot (invalidation): 0.7100 Our preference Long positions above 0.7100 with targets at 0.7130 & 0.7150 in extension. Alternative scenario Below 0.7100 look for further downside with 0.7080 & 0.7065 as targets...
Pivot (invalidation): 1.3010 Our preference Long positions above 1.3010 with targets at 1.3050 & 1.3070 in extension. Alternative scenario Below 1.3010 look for further downside with 1.2980 & 1.2955 as targets...
Pivot (invalidation): 0.9880 Our preference Long positions above 0.9880 with targets at 0.9920 & 0.9935 in extension. Alternative scenario Below 0.9880 look for further downside with 0.9865 & 0.9850 as targets...
Pivot (invalidation): 112.00 Our preference Long positions above 112.00 with targets at 112.55 & 112.85 in extension. Alternative scenario Below 112.00 look for further downside with 111.80 & 111.55 as targets...
Pivot (invalidation): 1.3185 Our preference Long positions above 1.3185 with targets at 1.3245 & 1.3300 in extension. Alternative scenario Below 1.3185 look for further downside with 1.3130 & 1.3100 as targets...
Pivot (invalidation): 1.1575 Our preference Long positions above 1.1575 with targets at 1.1625 & 1.1650 in extension. Alternative scenario Below 1.1575 look for further downside with 1.1545 & 1.1515 as targets...
A recent statement from EU chief negotiator Michel Barnier says an agreement could be reached by next Wednesday: this pushed the British pound higher. According to Barnier, 85% of the divorce is already agreed. Nevertheless, optimism might be short-lived as further uncertainty is coming...