EUR/USD
The bias remains bullish.
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Pivot (invalidation): 1.1140
Our preference
Long positions above 1.1140 with targets at 1.1165 & 1.1180 in extension.
Alternative scenario
Below 1.1140 look for further downside with 1.1120 & 1.1105 as targets.
Comment
The break above 1.1140 is a positive signal that has opened a path to 1.1165.
GBP/USD
Further advance.
Pivot (invalidation): 1.3020
Our preference
Long positions above 1.3020 with targets at 1.3070 & 1.3085 in extension.
Alternative scenario
Below 1.3020 look for further downside with 1.3000 & 1.2985 as targets.
Comment
The RSI is bullish and calls for further upside.
USD/JPY
Key resistance at 110.00.
Pivot (invalidation): 110.00
Our preference
Short positions below 110.00 with targets at 109.80 & 109.65 in extension.
Alternative scenario
Above 110.00 look for further upside with 110.10 & 110.20 as targets.
Comment
As Long as 110.00 is resistance, likely decline to 109.80.
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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