Data released earlier today ahowed China industrial production rose 6.0% y/y in May, same as seen a month before and lower than the forecast of 6.1%.
Retail sales rose 10.0% y/y last month, missing expectations of a 10.1% increase. While fixed asset investment rose 9.6% y/y in May, down from 10.5% in April , and the slowest rate on record.
Our previous call (link below) has hit all targets.
Techs support downside - are widening, Stochs and biased lower.
Pair finds major support at 74.47 (20-DMA), break below to see test of support at 74 and then lower at 73.40.
Book partial profits at around 74.50 levels, lower trailing stop to 75.20, target 74/73.40