GBP/USD levels: Key resistance at 1.2790

Swissquote Bank Research Team Swissquote Bank Ltd

EUR/USD

Under pressure.

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Pivot (invalidation): 1.1430

Our preference
Short positions below 1.1430 with targets at 1.1385 & 1.1365 in extension.

Alternative scenario
Above 1.1430 look for further upside with 1.1480 & 1.1515 as targets.

Comment
As Long as the resistance at 1.1430 is not surpassed, the risk of the break below 1.1385 remains high.

GBP/USD

Key resistance at 1.2790.

Pivot (invalidation): 1.2790

Our preference
Short positions below 1.2790 with targets at 1.2740 & 1.2720 in extension.

Alternative scenario
Above 1.2790 look for further upside with 1.2820 & 1.2850 as targets.

Comment
As Long as the resistance at 1.2790 is not surpassed, the risk of the break below 1.2740 remains high.

USD/JPY

Target 110.95.

Pivot (invalidation): 110.55

Our preference
Long positions above 110.55 with targets at 110.95 & 111.20 in extension.

Alternative scenario
Below 110.55 look for further downside with 110.30 & 110.10 as targets.

Comment
The RSI advocates for further upside.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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