Pivot (invalidation): 0.9845 Our preference Long positions above 0.9845 with targets at 0.9880 & 0.9900 in extension. Alternative scenario...
Pivot (invalidation): 106.75 Our preference Long positions above 106.75 with targets at 107.20 & 107.50 in extension. Alternative scenario...
Pivot (invalidation): 1.2290 Our preference Long positions above 1.2290 with targets at 1.2355 & 1.2400 in extension. Alternative scenario...
Pivot (invalidation): 1.1050 Our preference Short positions below 1.1050 with targets at 1.1020 & 1.1005 in extension. Alternative scenario...
GBPJPY Follows Through Higher On Price Extension...
Forecasting Brexit has gone from hard to impossible. The fluid, politically charged situation means probability scenario changes with the news cycle. Time like this we would just like some popcorn to watch the action from the sidelines...
The politicization of the Fed is nothing new. But has taken a worry turn under Trump policy via tweet. The divergence growth outlook leave plenty of room for interpretation...
In our view, the media & market is circulating a false narrative regarding relationship between President Trump reelections prospect and US growth. The thinking goes that a weaker economy will lower Trumps changes for a second term...
Pivot (invalidation): 55.80 Our preference Long positions above 55.80 with targets at 56.90 & 57.30 in extension. Alternative scenario...
Pivot (invalidation): 19.5600 Our preference Short positions below 19.5600 with targets at 19.1600 & 19.0100 in extension. Alternative scenario...
Pivot (invalidation): 1553.00 Our preference Short positions below 1553.00 with targets at 1534.00 & 1529.00 in extension. Alternative scenario...
Pivot (invalidation): 2922.00 Our preference Long positions above 2922.00 with targets at 2940.00 & 2970.00 in extension. Alternative scenario...
Pivot (invalidation): 11990.00 Our preference Long positions above 11990.00 with targets at 12075.00 & 12130.00 in extension. Alternative scenario...
Pivot (invalidation): 5.6900 Our preference Short positions below 5.6900 with targets at 5.6560 & 5.6390 in extension. Alternative scenario...
Pivot (invalidation): 0.6790 Our preference Long positions above 0.6790 with targets at 0.6835 & 0.6855 in extension. Alternative scenario...
Pivot (invalidation): 1.3250 Our preference Short positions below 1.3250 with targets at 1.3205 & 1.3180 in extension. Alternative scenario...
Pivot (invalidation): 0.9815 Our preference Long positions above 0.9815 with targets at 0.9860 & 0.9880 in extension. Alternative scenario...
Pivot (invalidation): 106.40 Our preference Long positions above 106.40 with targets at 106.90 & 107.00 in extension. Alternative scenario...
Pivot (invalidation): 1.2210 Our preference Long positions above 1.2210 with targets at 1.2260 & 1.2295 in extension. Alternative scenario...
