EURUSD Levels: Key resistance at 1.1695

Swissquote Bank Research Team Swissquote Bank Ltd

EUR/USD

Key resistance at 1.1695.

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Pivot (invalidation): 1.1695

Our preference
Short positions below 1.1695 with targets at 1.1650 & 1.1625 in extension.

Alternative scenario
Above 1.1695 look for further upside with 1.1725 & 1.1760 as targets.

Comment
The RSI is mixed to bearish.

GBP/USD

The downside prevails.

Pivot (invalidation): 1.3225

Our preference
Short positions below 1.3225 with targets at 1.3150 & 1.3120 in extension.

Alternative scenario
Above 1.3225 look for further upside with 1.3255 & 1.3285 as targets.

Comment
The RSI is mixed to bearish.

USD/JPY

Bullish bias above 112.35.

Pivot (invalidation): 112.35

Our preference
Long positions above 112.35 with targets at 113.00 & 113.35 in extension.

Alternative scenario
Below 112.35 look for further downside with 112.00 & 111.65 as targets.

Comment
The RSI advocates for further advance.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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