EUR/USD: Towards 1.1705
Stay on top of the markets with Swissquote’s News & Analysis
Pivot (invalidation): 1.1795
Our preference
Short positions below 1.1795 with targets at 1.1730 & 1.1705 in extension.
Alternative scenario
Above 1.1795 look for further upside with 1.1820 & 1.1840 as targets.
Comment
The RSI has broken down its 30 level.
GBP/USD: The downside prevails
Pivot (invalidation): 1.2950
Our preference
Short positions below 1.2950 with targets at 1.2875 & 1.2840 in extension.
Alternative scenario
Above 1.2950 look for further upside with 1.2975 & 1.3005 as targets.
Comment
The RSI shows downside momentum.
USD/JPY: Continuation of the rebound
Pivot (invalidation): 104.80
Our preference
Long positions above 104.80 with targets at 105.20 & 105.40 in extension.
Alternative scenario
Below 104.80 look for further downside with 104.60 & 104.40 as targets.
Comment
The RSI advocates 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.
Recommended Content
Editors’ Picks
EUR/USD trades weak below 1.0800 amid Good Friday lull, ahead of US PCE
EUR/USD remains depressed below 1.0800 after soft French inflation data, amid minimal volatility and thin liquidity on Good Friday. The pair keenly awaits the US PCE inflation data and Fed Chair Powell's speech for fresh hints on next week's price action.
GBP/USD holds steady above 1.2600 as markets stay calm on Good Friday
GBP/USD trades sideways above 1.2600 amid a typical Good Friday trading lull. A broadly firmer US Dollar could keep any upside attempts limited in the pair ahead of the US PCE inflation data and Fed Chair Powell's appearance.
Gold price sits at all-time highs above $2,230, US PCE eyed
Gold price hit all-time highs at $2,236 on Thursday to finish Q1 2024 with a bang. Most major world markets, including the US are closed due to Holy Friday, leaving volatility around Gold price highly subdued. US PCE inflation and Powell are awaited.
Jito price could hit $6 as JTO coils up inside this bullish pattern
Jito (JTO) price has been on an uptrend since forming a local bottom in early January. Since then, JTO has revisited the key swing point formed in early December, suggesting the bulls’ intention to move higher.
Key events in developed markets next week
Next week, the main focus will be inflation and the labour market in the Eurozone. We expect services inflation to be impacted by the easter effect, while the unemployment rate to be unchanged.