EUR/USD
Caution.
Stay on top of the markets with Swissquote’s News & Analysis
Pivot (invalidation): 1.1205
Our preference
Long positions above 1.1205 with targets at 1.1230 & 1.1240 in extension.
Alternative scenario
Below 1.1205 look for further downside with 1.1190 & 1.1180 as targets.
Comment
Intraday technical indicators are mixed and call for caution.
GBP/USD
Watch 1.2910.
Pivot (invalidation): 1.2950
Our preference
Short positions below 1.2950 with targets at 1.2925 & 1.2910 in extension.
Alternative scenario
Above 1.2950 look for further upside with 1.2975 & 1.2995 as targets.
Comment
A break below 1.2925 would trigger a drop towards 1.2910.
USD/JPY
Choppy.
Pivot (invalidation): 111.95
Our preference
Short positions below 111.95 with targets at 111.75 & 111.65 in extension.
Alternative scenario
Above 111.95 look for further upside with 112.05 & 112.15 as targets.
Comment
As Long as the resistance at 111.95 is not surpassed, the risk of the break below 111.75 remains high.
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.
Recommended Content
Editors’ Picks
GBP/USD bulls retain control near 1.3300 mark, highest since March 2022
The GBP/USD pair trades with a positive bias for the third straight day on Friday and hovers around the 1.3300 mark during the Asian session, just below its highest level since March 2022 touched the previous day.
EUR/USD grapples with higher ground as Fed cuts weigh on Greenback
EUR/USD found the high end on Thursday, holding fast to the 1.1150 level, though most of the pair’s bullish momentum comes from a broad-market selloff in the Greenback rather than any particular bullish fix in the Euro.
Gold consolidates weekly gains, with sight on $2,600 and beyond
Gold price is looking to build on the previous day’s rebound early Friday, consolidating weekly gains amid the overnight weakness in the US Dollar alongside the US Treasury bond yields. Traders now await the speeches from US Federal Reserve monetary policymakers for fresh hints on the central bank’s path forward on interest rates.
Shiba Inu is poised for a rally as price action and on-chain metrics signal bullish momentum
Shiba Inu remains strong on Friday after breaking above a symmetrical triangle pattern on Thursday. This breakout signals bullish momentum, further bolstered by a rise in daily new transactions that suggests a potential rally in the coming days.
Bank of Japan set to keep rates on hold after July’s hike shocked markets
The Bank of Japan is expected to keep its short-term interest rate target between 0.15% and 0.25% on Friday, following the conclusion of its two-day monetary policy review. The decision is set to be announced during the early Asian session.
Moneta Markets review 2024: All you need to know
VERIFIED In this review, the FXStreet team provides an independent and thorough analysis based on direct testing and real experiences with Moneta Markets – an excellent broker for novice to intermediate forex traders who want to broaden their knowledge base.