Swissquote Bank Research Team
Swissquote Bank Ltd
EUR/USD
Aim @ 1.1320.
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Pivot (invalidation): 1.1400
Our preference
Short positions below 1.1400 with targets at 1.1350 & 1.1320 in extension.
Alternative scenario
Above 1.1400 look for further upside with 1.1420 & 1.1440 as targets.
Comment
A break below 1.1350 would trigger a drop towards 1.1320.
GBP/USD
1.2700 expected.
Pivot (invalidation): 1.2830
Our preference
Short positions below 1.2830 with targets at 1.2755 & 1.2700 in extension.
Alternative scenario
Above 1.2830 look for further upside with 1.2880 & 1.2950 as targets.
Comment
A break below 1.2755 would trigger a drop towards 1.2700.
USD/JPY
Aim @ 113.40.
Pivot (invalidation): 112.60
Our preference
Long positions above 112.60 with targets at 113.20 & 113.40 in extension.
Alternative scenario
Below 112.60 look for further downside with 112.30 & 112.00 as targets.
Comment
The RSI calls for a new upleg.
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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