Swissquote Bank Research Team
Swissquote Bank Ltd
EUR/USD
Further advance.
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Pivot (invalidation): 1.1095
Our preference
Long positions above 1.1095 with targets at 1.1115 & 1.1130 in extension.
Alternative scenario
Below 1.1095 look for further downside with 1.1080 & 1.1065 as targets.
Comment
The RSI advocates for further upside.
GBP/USD
Watch 1.3205.
Pivot (invalidation): 1.3125
Our preference
Long positions above 1.3125 with targets at 1.3175 & 1.3205 in extension.
Alternative scenario
Below 1.3125 look for further downside with 1.3100 & 1.3085 as targets.
Comment
A support base at 1.3125 has formed and has allowed for a temporary stabilisation.
USD/JPY
108.40 expected.
Pivot (invalidation): 108.80
Our preference
Short positions below 108.80 with targets at 108.60 & 108.40 in extension.
Alternative scenario
Above 108.80 look for further upside with 108.95 & 109.10 as targets.
Comment
A break below 108.60 would trigger a drop towards 108.40.
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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