EUR/USD: Caution

EURUSD

 


 

Stay on top of the markets with Swissquote’s News & Analysis

 


 

Pivot (invalidation): 1.1255

Our preference
Short positions below 1.1255 with targets at 1.1225 & 1.1205 in extension.

Alternative scenario
Above 1.1255 look for further upside with 1.1275 & 1.1295 as targets.

Comment
The upward potential is likely to be limited by the resistance at 1.1255.

 

GBP/USD: Key resistance at 1.2565

GBPUSD

Pivot (invalidation): 1.2565

Our preference
Short positions below 1.2565 with targets at 1.2510 & 1.2485 in extension.

Alternative scenario
Above 1.2565 look for further upside with 1.2590 & 1.2620 as targets.

Comment
As Long as the resistance at 1.2565 is not surpassed, the risk of the break below 1.2510 remains high.

 

USD/JPY: Under pressure

USDJPY

Pivot (invalidation): 107.05

Our preference
Short positions below 107.05 with targets at 106.70 & 106.50 in extension.

Alternative scenario
Above 107.05 look for further upside with 107.20 & 107.30 as targets.

Comment
As Long as the resistance at 107.05 is not surpassed, the risk of the break below 106.70 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.

Feed news Join Telegram

Recommended Content


Recommended Content

Editors’ Picks

AUD/USD hovering around 0.7050 amid the greenback’s sell-off

AUD/USD hovering around 0.7050 amid the greenback’s sell-off

The Australian dollar shrugged off negative local data and reached a fresh weekly high against its American rival at 0.7072. The pair preserves its strength, despite the poor performance of global indexes indicating prevalent fear.

AUD/USD News

EUR/USD retains gains and hovers near 1.0600

EUR/USD retains gains and hovers near 1.0600

EUR/USD peaked at 1.0607, now trading in the 1.0580 price zone. The rally was all about the broad greenback’s weakness despite demand for safety continues. Soft US data added to the bullish case.

EUR/USD News

Dollar’s sell-off underpins gold

Dollar’s sell-off underpins gold

Gold is up to on Thursday, trading above $1,840 after hitting an intraday high of $1,849.18. The dollar changed course after soaring on Wednesday and is in franc decline across the FX board. However, action in stock markets is choppy. 

Gold News

Cardano is still on pace to retest $0.40, but bears shouldn't get too excited

Cardano is still on pace to retest $0.40, but bears shouldn't get too excited

Cardano is on professional traders' urgent watchlist as the digital asset could enter a mid-term bottom in the $0.45 zone before rallying upwards towards $0.60. ADA, like several cryptos, has been in a steep bear rally, which demands the need for balance and proportion.  

Read more

Warning signs in China's economic outlook as COVID-19 spreads

Warning signs in China's economic outlook as COVID-19 spreads

New variables both within and outside of China in 2022 have placed the country's economy under new pressure. In the first quarter, its economic growth rate was only 4.8%, which was 0.7 percentage points lower than the annual economic growth target of 5.5%.

Read more

Majors

Cryptocurrencies

Signatures