Swissquote Bank Research Team
Swissquote Bank Ltd
EUR/USD
The downside prevails.
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Pivot (invalidation): 1.1455
Our preference
Short positions below 1.1455 with targets at 1.1405 & 1.1390 in extension.
Alternative scenario
Above 1.1455 look for further upside with 1.1475 & 1.1500 as targets.
Comment
The RSI is bearish and calls for further downside.
GBP/USD
Target 1.3070.
Pivot (invalidation): 1.3160
Our preference
Short positions below 1.3160 with targets at 1.3105 & 1.3070 in extension.
Alternative scenario
Above 1.3160 look for further upside with 1.3200 & 1.3235 as targets.
Comment
A break below 1.3105 would trigger a drop towards 1.3070.
USD/JPY
Target 114.20.
Pivot (invalidation): 113.45
Our preference
Long positions above 113.45 with targets at 114.00 & 114.20 in extension.
Alternative scenario
Below 113.45 look for further downside with 113.20 & 112.95 as targets.
Comment
The RSI is bullish and calls 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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