Swissquote Bank Research Team
Swissquote Bank Ltd
EUR/USD
Target 1.1300.
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Pivot (invalidation): 1.1390
Our preference
Short positions below 1.1390 with targets at 1.1330 & 1.1300 in extension.
Alternative scenario
Above 1.1390 look for further upside with 1.1420 & 1.1445 as targets.
Comment
The RSI has broken down its 30 level.
GBP/USD
Aim @ 1.3010.
Pivot (invalidation): 1.3080
Our preference
Short positions below 1.3080 with targets at 1.3040 & 1.3010 in extension.
Alternative scenario
Above 1.3080 look for further upside with 1.3115 & 1.3150 as targets.
Comment
A break below 1.3040 would trigger a drop towards 1.3010.
USD/JPY
Bullish bias above 113.75.
Pivot (invalidation): 113.75
Our preference
Long positions above 113.75 with targets at 114.10 & 114.40 in extension.
Alternative scenario
Below 113.75 look for further downside with 113.50 & 113.20 as targets.
Comment
A support base at 113.75 has formed and has allowed for a temporary stabilisation.
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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