Shanghai and China ETF’s looked to be up against key resistance. The suggestion was to attempt to score on defense via FXP (see post here) See update on FXI below.
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Initial short-term break of support looks to be taking place after FXI has continued to struggle at its 50% Fib retracement, since November of last year.
Game Plan….Be an owner of FXP with a stop on an upside break of Fibonacci resistance, should it take place.