Swissquote Bank Research Team
Swissquote Bank Ltd
EUR/USD
Caution.
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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.
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