Swissquote Bank Research Team
Swissquote Bank Ltd
EUR/USD: The downside prevails
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Pivot (invalidation): 1.1755
Our preference
Short positions below 1.1755 with targets at 1.1695 & 1.1675 in extension.
Alternative scenario
Above 1.1755 look for further upside with 1.1775 & 1.1800 as targets.
Comment
The RSI shows downside momentum.
GBP/USD: Towards 1.2985
Pivot (invalidation): 1.3060
Our preference
Short positions below 1.3060 with targets at 1.3010 & 1.2985 in extension.
Alternative scenario
Above 1.3060 look for further upside with 1.3080 & 1.3100 as targets.
Comment
The RSI has broken down its 30 level.
USD/JPY: Towards 107.10
Pivot (invalidation): 106.45
Our preference
Long positions above 106.45 with targets at 106.90 & 107.10 in extension.
Alternative scenario
Below 106.45 look for further downside with 106.25 & 105.95 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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