Swissquote Bank Research Team
Swissquote Bank Ltd
EUR/USD
Key resistance at 1.1350.
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Pivot (invalidation): 1.1350
Our preference
Short positions below 1.1350 with targets at 1.1305 & 1.1280 in extension.
Alternative scenario
Above 1.1350 look for further upside with 1.1375 & 1.1400 as targets.
Comment
As Long as the resistance at 1.1350 is not surpassed, the risk of the break below 1.1305 remains high.
GBP/USD
Consolidation.
Pivot (invalidation): 1.2545
Our preference
Short @ 1.2510 with targets @ 1.2480 & 1.2450 in extension.
Alternative scenario
Above 1.2545 look for further upside with 1.2580 & 1.2640 as targets.
Comment
As Long as 1.2545 is resistance, likely decline to 1.2480.
USD/JPY
Further advance.
Pivot (invalidation): 113.20
Our preference
Long positions above 113.20 with targets at 113.70 & 113.85 in extension.
Alternative scenario
Below 113.20 look for further downside with 113.00 & 112.80 as targets.
Comment
The RSI advocates for further upside.
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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