Swissquote Bank Research Team
Swissquote Bank Ltd
EUR/USD
Look for 1.1250.
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Pivot (invalidation): 1.1290
Our preference
Short positions below 1.1290 with targets at 1.1265 & 1.1250 in extension.
Alternative scenario
Above 1.1290 look for further upside with 1.1305 & 1.1325 as targets.
Comment
A break below 1.1265 would trigger a drop towards 1.1250.
GBP/USD
The downside prevails.
Pivot (invalidation): 1.2690
Our preference
Short positions below 1.2690 with targets at 1.2665 & 1.2650 in extension.
Alternative scenario
Above 1.2690 look for further upside with 1.2705 & 1.2715 as targets.
Comment
The RSI lacks upward momentum.
USD/JPY
Towards 107.95.
Pivot (invalidation): 108.55
Our preference
Short positions below 108.55 with targets at 108.15 & 107.95 in extension.
Alternative scenario
Above 108.55 look for further upside with 108.70 & 108.80 as targets.
Comment
The RSI is bearish and calls for further decline.
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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