Swissquote Bank Research Team
Swissquote Bank Ltd
EUR/USD
Key resistance at 1.1695.
Stay on top of the markets with Swissquote’s News & Analysis
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.
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 rebounds to 1.0650 on renewed USD weakness
EUR/USD gained traction and rose to the 1.0650 area in the early American session on Tuesday. Disappointing housing data from the US seem to be weighing on the US Dollar, helping the pair stretch higher.
GBP/USD climbs above 1.2450 after US data
GBP/USD extended its recovery from the multi-month low it touched near 1.2400 and turned positive on the day above 1.2450. The modest selling pressure surrounding the US Dollar after dismal housing data supports the pair's rebound.
Gold retreats to $2,370 as US yields push higher
Gold stages a correction on Tuesday and fluctuates in negative territory near $2,370 following Monday's upsurge. The benchmark 10-year US Treasury bond yield continues to push higher above 4.6% and makes it difficult for XAU/USD to gain traction.
XRP struggles below $0.50 resistance as SEC vs. Ripple lawsuit likely to enter final pretrial conference
XRP is struggling with resistance at $0.50 as Ripple and the US Securities and Exchange Commission (SEC) are gearing up for the final pretrial conference on Tuesday at a New York court.
US outperformance continues
The economic divergence between the US and the rest of the world has become increasingly pronounced. The latest US inflation prints highlight that underlying inflation pressures seemingly remain stickier than in most other parts of the world supported by a strong US labour market.