EUR/USD
Under pressure.
Stay on top of the markets with Swissquote’s News & Analysis
Pivot (invalidation): 1.1580
Our preference
Short positions below 1.1580 with targets at 1.1540 & 1.1515 in extension.
Alternative scenario
Above 1.1580 look for further upside with 1.1595 & 1.1610 as targets.
Comment
The immediate trend remains down and the momentum is strong.
GBP/USD
Turning down.
Pivot (invalidation): 1.3195
Our preference
Short positions below 1.3195 with targets at 1.3160 & 1.3140 in extension.
Alternative scenario
Above 1.3195 look for further upside with 1.3225 & 1.3255 as targets.
Comment
The RSI shows downside momentum.
USD/JPY
Aim @ 112.75.
Pivot (invalidation): 112.15
Our preference
Long positions above 112.15 with targets at 112.50 & 112.75 in extension.
Alternative scenario
Below 112.15 look for further downside with 111.95 & 111.70 as targets.
Comment
The RSI is supported by a rising trend line.
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.
Recommended Content
Editors’ Picks
EUR/USD stays in positive territory near 1.0650
EUR/USD clings to modest daily gains at around 1.0650 in the American session on Wednesday. The US Dollar struggles to gather strength amid a modest improvement seen in risk mood and helps the pair hold its ground.
GBP/USD stabilizes at around 1.2450 after UK inflation data
GBP/USD consolidates its daily gains near 1.2450 after recovering toward 1.2500 with the immediate reaction to stronger-than-expected inflation data from the UK. The renewed US Dollar weakness also helps the pair hold its ground.
Gold eases despite risk-off mood
Gold trades in a relatively tight range near $2,390 in the second half of the day on Wednesday. In the absence of high-tier data releases, investors keep a close eye on headlines surrounding the Iran-Israel conflict.
XRP tests $0.50 resistance after Ripple CLO clarifies that no pretrial conference took place with SEC
XRP is stuck below $0.50 resistance after failing to close above this level since Monday. Ripple CLO Stuart Alderoty said late Tuesday there was no pretrial conference since the SEC dropped charges against executives.
World economy: To cut or not to cut (simultaneously)?
US inflation March figure, again higher than expected, put an end to the scenario of a simultaneous first rate cut by the Fed, the ECB, and the BoE in June.