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.
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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