Swissquote Bank Research Team
Swissquote Bank Ltd
EUR/USD
Watch 1.1010.
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Pivot (invalidation): 1.1040
Our preference
Short positions below 1.1040 with targets at 1.1020 & 1.1010 in extension.
Alternative scenario
Above 1.1040 look for further upside with 1.1050 & 1.1060 as targets.
Comment
The RSI lacks upward momentum.
GBP/USD
Under pressure.
Pivot (invalidation): 1.3085
Our preference
Short positions below 1.3085 with targets at 1.3035 & 1.3010 in extension.
Alternative scenario
Above 1.3085 look for further upside with 1.3105 & 1.3130 as targets.
Comment
As Long as 1.3085 is resistance, expect a return to 1.3035.
USD/JPY
Key resistance at 109.15.
Pivot (invalidation): 109.15
Our preference
Short positions below 109.15 with targets at 108.70 & 108.50 in extension.
Alternative scenario
Above 109.15 look for further upside with 109.40 & 109.65 as targets.
Comment
The upward potential is likely to be limited by the resistance at 109.15.
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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