EUR/USD
1.1065 expected.
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Pivot (invalidation): 1.1105
Our preference
Short positions below 1.1105 with targets at 1.1085 & 1.1065 in extension.
Alternative scenario
Above 1.1105 look for further upside with 1.1120 & 1.1135 as targets.
Comment
A break below 1.1085 would trigger a drop towards 1.1065.
GBP/USD
Bullish bias above 1.2135.
Pivot (invalidation): 1.2135
Our preference
Long positions above 1.2135 with targets at 1.2160 & 1.2175 in extension.
Alternative scenario
Below 1.2135 look for further downside with 1.2120 & 1.2100 as targets.
Comment
A support base at 1.2135 has formed and has allowed for a temporary stabilisation.
USD/JPY
Supported by a rising trend line.
Pivot (invalidation): 106.20
Our preference
Long positions above 106.20 with targets at 106.50 & 106.75 in extension.
Alternative scenario
Below 106.20 look for further downside with 105.95 & 105.65 as targets.
Comment
A support base at 106.20 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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