Swissquote Bank Research Team
Swissquote Bank Ltd
EUR/USD
The downside prevails.
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Pivot (invalidation): 1.1180
Our preference
Short positions below 1.1180 with targets at 1.1140 & 1.1120 in extension.
Alternative scenario
Above 1.1180 look for further upside with 1.1200 & 1.1220 as targets.
Comment
As Long as 1.1180 is resistance, look for choppy price action with a bearish bias.
GBP/USD
Key resistance at 1.2760.
Pivot (invalidation): 1.2760
Our preference
Short positions below 1.2760 with targets at 1.2710 & 1.2690 in extension.
Alternative scenario
Above 1.2760 look for further upside with 1.2780 & 1.2805 as targets.
Comment
As Long as the resistance at 1.2760 is not surpassed, the risk of the break below 1.2710 remains high.
USD/JPY
Watch 110.55.
Pivot (invalidation): 110.00
Our preference
Long positions above 110.00 with targets at 110.30 & 110.55 in extension.
Alternative scenario
Below 110.00 look for further downside with 109.75 & 109.55 as targets.
Comment
The RSI is bullish and calls for further upside.
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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