Swissquote Bank Research Team
Swissquote Bank Ltd
EUR/USD
Under pressure.
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Pivot (invalidation): 1.1190
Our preference
Short positions below 1.1190 with targets at 1.1165 & 1.1155 in extension.
Alternative scenario
Above 1.1190 look for further upside with 1.1205 & 1.1225 as targets.
Comment
As Long as the resistance at 1.1190 is not surpassed, the risk of the break below 1.1165 remains high.
GBP/USD
Capped by a negative trend line.
Pivot (invalidation): 1.2820
Our preference
Short positions below 1.2820 with targets at 1.2770 & 1.2745 in extension.
Alternative scenario
Above 1.2820 look for further upside with 1.2850 & 1.2880 as targets.
Comment
A break below 1.2770 would trigger a drop towards 1.2745.
USD/JPY
The upside prevails.
Pivot (invalidation): 109.70
Our preference
Long positions above 109.70 with targets at 110.05 & 110.30 in extension.
Alternative scenario
Below 109.70 look for further downside with 109.50 & 109.35 as targets.
Comment
The break above 109.70 is a positive signal that has opened a path to 110.05.
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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