Swissquote Bank Research Team
Swissquote Bank Ltd
EUR/USD
1.1430 expected.
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Pivot (invalidation): 1.1485
Our preference
Short positions below 1.1485 with targets at 1.1455 & 1.1430 in extension.
Alternative scenario
Above 1.1485 look for further upside with 1.1520 & 1.1550 as targets.
Comment
A break below 1.1455 would trigger a drop towards 1.1430.
GBP/USD
Watch 1.2900.
Pivot (invalidation): 1.3015
Our preference
Short positions below 1.3015 with targets at 1.2950 & 1.2900 in extension.
Alternative scenario
Above 1.3015 look for further upside with 1.3050 & 1.3090 as targets.
Comment
A break below 1.2950 would trigger a drop towards 1.2900.
USD/JPY
Turning down.
Pivot (invalidation): 112.85
Our preference
Short positions below 112.85 with targets at 112.35 & 112.20 in extension.
Alternative scenario
Above 112.85 look for further upside with 113.10 & 113.30 as targets.
Comment
The RSI shows downside momentum.
This report has been prepared by Swissquote Bank Ltd and is solely been published for informational purposes and is not to be construed as a solicitation or an offer to buy or sell any currency or any other financial instrument. Views expressed in this report may be subject to change without prior notice and may differ or be contrary to opinions expressed by Swissquote Bank Ltd personnel at any given time. Swissquote Bank Ltd is under no obligation to update or keep current the information herein, the report should not be regarded by recipients as a substitute for the exercise of their own judgment.
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