Swissquote Bank Research Team
Swissquote Bank Ltd
EUR/USD: Continuation of the rebound
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Pivot (invalidation): 1.1820
Our preference
Long positions above 1.1820 with targets at 1.1875 & 1.1900 in extension.
Alternative
scenario Below 1.1820 look for further downside with 1.1790 & 1.1770 as targets.
Comment
The break above 1.1820 is a positive signal that has opened a path to 1.1875.
GBP/USD: Key resistance at 1.2995
Pivot (invalidation): 1.2995
Our preference
Short positions below 1.2995 with targets at 1.2920 & 1.2890 in extension.
Alternative scenario
Above 1.2995 look for further upside with 1.3035 & 1.3065 as targets.
Comment
As Long as the resistance at 1.2995 is not surpassed, the risk of the break below 1.2920 remains high.
USD/JPY: Turning up
Pivot (invalidation): 104.60
Our preference
Long positions above 104.60 with targets at 105.00 & 105.15 in extension.
Alternative scenario
Below 104.60 look for further downside with 104.45 & 104.30 as targets.
Comment
The RSI calls for a new upleg.
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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