Swissquote Bank Research Team
Swissquote Bank Ltd
EUR/USD
Key resistance at 1.0830.
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Pivot (invalidation): 1.0830
Our preference
Short positions below 1.0830 with targets at 1.0795 & 1.0775 in extension.
Alternative scenario
Above 1.0830 look for further upside with 1.0865 & 1.0900 as targets.
Comment
The upward potential is likely to be limited by the resistance at 1.0830.
GBP/USD
Under pressure.
Pivot (invalidation): 1.2270
Our preference
Short positions below 1.2270 with targets at 1.2205 & 1.2175 in extension.
Alternative scenario
Above 1.2270 look for further upside with 1.2300 & 1.2345 as targets.
Comment
As Long as the resistance at 1.2270 is not surpassed, the risk of the break below 1.2205 remains high.
USD/JPY
The upside prevails.
Pivot (invalidation): 108.55
Our preference
Long positions above 108.55 with targets at 109.35 & 109.70 in extension.
Alternative scenario
Below 108.55 look for further downside with 108.25 & 108.00 as targets.
Comment
The break above 108.55 is a positive signal that has opened a path to 109.35.
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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