EUR/USD
The downside prevails.
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Pivot (invalidation): 1.1345
Our preference
Short positions below 1.1345 with targets at 1.1300 & 1.1280 in extension.
Alternative scenario
Above 1.1345 look for further upside with 1.1360 & 1.1375 as targets.
Comment
The RSI is bearish and calls for further decline.
GBP/USD
Under pressure.
Pivot (invalidation): 1.2960
Our preference
Short positions below 1.2960 with targets at 1.2900 & 1.2875 in extension.
Alternative scenario
Above 1.2960 look for further upside with 1.2975 & 1.2995 as targets.
Comment
The RSI advocates for further downside.
USD/JPY
Further advance.
Pivot (invalidation): 109.70
Our preference
Long positions above 109.70 with targets at 110.10 & 110.30 in extension.
Alternative scenario
Below 109.70 look for further downside with 109.55 & 109.40 as targets.
Comment
The RSI is bullish and calls 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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GBP/USD holds steady above 1.2600 as markets stay calm on Good Friday
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