EUR/USD
Watch 1.1325.
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Pivot (invalidation): 1.1240
Our preference
Long positions above 1.1240 with targets at 1.1300 & 1.1325 in extension.
Alternative scenario
Below 1.1240 look for further downside with 1.1220 & 1.1200 as targets.
Comment
The RSI is bullish and calls for further advance.
GBP/USD
Look for 1.2730.
Pivot (invalidation): 1.2650
Our preference
Long positions above 1.2650 with targets at 1.2705 & 1.2730 in extension.
Alternative scenario
Below 1.2650 look for further downside with 1.2620 & 1.2590 as targets.
Comment
The RSI advocates for further upside.
USD/JPY
107.00 expected.
Pivot (invalidation): 107.95
Our preference
Short positions below 107.95 with targets at 107.35 & 107.00 in extension.
Alternative scenario
Above 107.95 look for further upside with 108.20 & 108.50 as targets.
Comment
The immediate trend remains down and the momentum is strong.
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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