EUR/USD
The upside prevails.
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Pivot (invalidation): 1.0865
Our preference
Long positions above 1.0865 with targets at 1.0950 & 1.0985 in extension.
Alternative scenario
Below 1.0865 look for further downside with 1.0835 & 1.0810 as targets.
Comment
The break above 1.0865 is a positive signal that has opened a path to 1.0950.
GBP/USD
Bullish bias above 1.1805.
Pivot (invalidation): 1.1805
Our preference
Long positions above 1.1805 with targets at 1.1890 & 1.1915 in extension.
Alternative scenario
Below 1.1805 look for further downside with 1.1775 & 1.1730 as targets.
Comment
The RSI lacks downward momentum.
USD/JPY
Key resistance at 111.05.
Pivot (invalidation): 111.05
Our preference
Short positions below 111.05 with targets at 110.40 & 110.05 in extension.
Alternative scenario
Above 111.05 look for further upside with 111.40 & 111.70 as targets.
Comment
As Long as the resistance at 111.05 is not surpassed, the risk of the break below 110.40 remains high.
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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GBP/USD stays in daily range above 1.2600
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