Swissquote Bank Research Team
Swissquote Bank Ltd
EUR/USD
Towards 1.1045.
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Pivot (invalidation): 1.1010
Our preference
Long positions above 1.1010 with targets at 1.1035 & 1.1045 in extension.
Alternative scenario
Below 1.1010 look for further downside with 1.1000 & 1.0990 as targets.
Comment
The RSI lacks downward momentum.
GBP/USD
Bullish bias above 1.2865.
Pivot (invalidation): 1.2865
Our preference
Long positions above 1.2865 with targets at 1.2895 & 1.2910 in extension.
Alternative scenario
Below 1.2865 look for further downside with 1.2845 & 1.2825 as targets.
Comment
The break above 1.2865 is a positive signal that has opened a path to 1.2895.
USD/JPY
Target 108.85.
Pivot (invalidation): 108.45
Our preference
Long positions above 108.45 with targets at 108.70 & 108.85 in extension.
Alternative scenario
Below 108.45 look for further downside with 108.25 & 108.10 as targets.
Comment
The RSI is bullish and calls 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.
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