Swissquote Bank Research Team
Swissquote Bank Ltd
EUR/USD
Towards 1.1320.
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Pivot (invalidation): 1.1380
Our preference
Short positions below 1.1380 with targets at 1.1340 & 1.1320 in extension.
Alternative scenario
Above 1.1380 look for further upside with 1.1395 & 1.1410 as targets.
Comment
The RSI is bearish and calls for further downside.
GBP/USD
Under pressure.
Pivot (invalidation): 1.2710
Our preference
Short positions below 1.2710 with targets at 1.2665 & 1.2640 in extension.
Alternative scenario
Above 1.2710 look for further upside with 1.2740 & 1.2765 as targets.
Comment
The break below 1.2710 is a negative signal that has opened a path to 1.2665.
USD/JPY
Further advance.
Pivot (invalidation): 107.05
Our preference
Long positions above 107.05 with targets at 107.70 & 108.10 in extension.
Alternative scenario
Below 107.05 look for further downside with 106.80 & 106.50 as targets.
Comment
The RSI is bullish and calls for further advance.
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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