Swissquote Bank Research Team
Swissquote Bank Ltd
EUR/USD
Aim @ 1.1215.
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Pivot (invalidation): 1.1160
Our preference
Long positions above 1.1160 with targets at 1.1200 & 1.1215 in extension.
Alternative scenario
Below 1.1160 look for further downside with 1.1145 & 1.1130 as targets.
Comment
The RSI advocates for further upside.
GBP/USD
The upside prevails.
Pivot (invalidation): 1.2645
Our preference
Long positions above 1.2645 with targets at 1.2680 & 1.2700 in extension.
Alternative scenario
Below 1.2645 look for further downside with 1.2625 & 1.2605 as targets.
Comment
The RSI lacks downward momentum.
USD/JPY
Under pressure.
Pivot (invalidation): 109.80
Our preference
Short positions below 109.80 with targets at 109.40 & 109.15 in extension.
Alternative scenario
Above 109.80 look for further upside with 110.00 & 110.20 as targets.
Comment
As Long as the resistance at 109.80 is not surpassed, the risk of the break below 109.40 remains high.
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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