Swissquote Bank Research Team
Swissquote Bank Ltd
EUR/USD: Key resistance at 1.1290
Stay on top of the markets with Swissquote’s News & Analysis
Pivot (invalidation): 1.1290
Our preference
Short positions below 1.1290 with targets at 1.1260 & 1.1245 in extension.
Alternative scenario
Above 1.1290 look for further upside with 1.1305 & 1.1330 as targets.
Comment
As Long as the resistance at 1.1290 is not surpassed, the risk of the break below 1.1260 remains high.
GBP/USD: Rebound expected
Pivot (invalidation): 1.2535
Our preference Long positions above 1.2535 with targets at 1.2570 & 1.2590 in extension.
Alternative scenario
Below 1.2535 look for further downside with 1.2510 & 1.2490 as targets.
Comment
The RSI lacks downward momentum.
USD/JPY: Bullish bias above 107.50
Pivot (invalidation): 107.50
Our preference
Long positions above 107.50 with targets at 107.70 & 107.80 in extension.
Alternative scenario
Below 107.50 look for further downside with 107.40 & 107.30 as targets.
Comment
Technically the RSI is above its neutrality area at 50.
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.
Recommended Content
Editors’ Picks
AUD/USD risks a deeper drop in the short term
AUD/USD rapidly left behind Wednesday’s decent advance and resumed its downward trend on the back of the intense buying pressure in the greenback, while mixed results from the domestic labour market report failed to lend support to AUD.
EUR/USD leaves the door open to a decline to 1.0600
A decent comeback in the Greenback lured sellers back into the market, motivating EUR/USD to give away the earlier advance to weekly tops around 1.0690 and shift its attention to a potential revisit of the 1.0600 neighbourhood instead.
Gold is closely monitoring geopolitics
Gold trades in positive territory above $2,380 on Thursday. Although the benchmark 10-year US Treasury bond yield holds steady following upbeat US data, XAU/USD continues to stretch higher on growing fears over a deepening conflict in the Middle East.
Bitcoin price shows strength as IMF attests to spread and intensity of BTC transactions ahead of halving
Bitcoin (BTC) price is borderline strong and weak with the brunt of the weakness being felt by altcoins. Regarding strength, it continues to close above the $60,000 threshold for seven weeks in a row.
Is the Biden administration trying to destroy the Dollar?
Confidence in Western financial markets has already been shaken enough by the 20% devaluation of the dollar over the last few years. But now the European Commission wants to hand Ukraine $300 billion seized from Russia.