China SH composite is approaching 2016 low at 2638.
Adding the background the BOC raised the forward reserve requirement for foreign exchange and RMB surged.
If look at the down side, 70 pips to drop/-2.5%, will possibly see a resistance showed at the 2016 retracement low @ 2638.
Personally also considered it as the psychological support of investors.
GBP/USD instant long opportunity
Currently follow a nice downtrend channel, hit on the bottom line after BOE rate decision.
Short term momentum is turning up, also sync with the speculator sentiment index signal (showing retail traders's long position is decreasing)
1:1 risk ratio will allow a long position set up at market price right now.
FX:GBPUSD watch out its ST support zoon 1.3990-1.4000
Long-term: still look to buy low
zoon 1.3990-1.4000 may provide support slightly after GBPUSD breakdown its upward trendline from 9th March;
If it holds up, consider adding position and look for a gear up
PT: 1.4100, 1.4200, 1.4300, 1.4400, 1.4500
Ultimate reversal point: 1.3900, LT tendline...