EUR/USD
Further upside.
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Pivot (invalidation): 1.1250
Our preference
Long positions above 1.1250 with targets at 1.1275 & 1.1285 in extension.
Alternative scenario
Below 1.1250 look for further downside with 1.1235 & 1.1220 as targets.
Comment
The RSI calls for a rebound.
GBP/USD
Further advance.
Pivot (invalidation): 1.3055
Our preference
Long positions above 1.3055 with targets at 1.3090 & 1.3115 in extension.
Alternative scenario
Below 1.3055 look for further downside with 1.3035 & 1.3005 as targets.
Comment
The RSI is bullish and calls for further advance.
USD/JPY
Watch 111.00.
Pivot (invalidation): 111.55
Our preference
Short positions below 111.55 with targets at 111.25 & 111.00 in extension.
Alternative scenario
Above 111.55 look for further upside with 111.75 & 111.85 as targets.
Comment
A break below 111.25 would trigger a drop towards 111.00.
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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