Swissquote Bank Research Team
Swissquote Bank Ltd
EUR/USD
Watch 1.1115.
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Pivot (invalidation): 1.1145
Our preference
Short positions below 1.1145 with targets at 1.1125 & 1.1115 in extension.
Alternative scenario
Above 1.1145 look for further upside with 1.1160 & 1.1175 as targets.
Comment
A break below 1.1125 would trigger a drop towards 1.1115.
GBP/USD
Bullish bias above 1.3055.
Pivot (invalidation): 1.3055
Our preference
Long positions above 1.3055 with targets at 1.3090 & 1.3105 in extension.
Alternative scenario
Below 1.3055 look for further downside with 1.3035 & 1.3015 as targets.
Comment
The break above 1.3055 is a positive signal that has opened a path to 1.3090.
USD/JPY
The upside prevails.
Pivot (invalidation): 110.05
Our preference
Long positions above 110.05 with targets at 110.35 & 110.50 in extension.
Alternative scenario
Below 110.05 look for further downside with 109.90 & 109.80 as targets.
Comment
Technically the RSI is above its neutrality area at 50.
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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