Swissquote Bank Research Team
Swissquote Bank Ltd
EUR/USD
Caution.
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Pivot (invalidation): 1.1285
Our preference
Short positions below 1.1285 with targets at 1.1260 & 1.1245 in extension.
Alternative scenario
Above 1.1285 look for further upside with 1.1300 & 1.1320 as targets.
Comment
As Long as 1.1285 is resistance, look for choppy price action with a bearish bias.
GBP/USD
Key resistance at 1.2885.
Pivot (invalidation): 1.2885
Our preference
Short positions below 1.2885 with targets at 1.2840 & 1.2810 in extension.
Alternative scenario
Above 1.2885 look for further upside with 1.2905 & 1.2925 as targets.
Comment
As Long as the resistance at 1.2885 is not surpassed, the risk of the break below 1.2840 remains high.
USD/JPY
Further advance.
Pivot (invalidation): 110.85
Our preference
Long positions above 110.85 with targets at 111.25 & 111.45 in extension.
Alternative scenario
Below 110.85 look for further downside with 110.65 & 110.50 as targets.
Comment
The RSI advocates 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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