EUR/USD: Key resistance at 1.1255





Stay on top of the markets with Swissquote’s News & Analysis



Pivot (invalidation): 1.1255

Our preference
Short positions below 1.1255 with targets at 1.1230 & 1.1215 in extension.

Alternative scenario
Above 1.1255 look for further upside with 1.1270 & 1.1285 as targets.

As Long as the resistance at 1.1255 is not surpassed, the risk of the break below 1.1230 remains high.


GBP/USD: Key resistance at 1.2330


Pivot (invalidation): 1.2330

Our preference
Short positions below 1.2330 with targets at 1.2280 & 1.2250 in extension.

Alternative scenario
Above 1.2330 look for further upside with 1.2360 & 1.2390 as targets.

As Long as the resistance at 1.2330 is not surpassed, the risk of the break below 1.2280 remains high.


USD/JPY: Further advance


Pivot (invalidation): 107.45

Our preference
Long positions above 107.45 with targets at 107.90 & 108.25 in extension.

Alternative scenario
Below 107.45 look for further downside with 107.25 & 107.00 as targets.

The RSI lacks downward momentum.

This report has been prepared by AC Markets 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 AC Markets personnel at any given time. ACM 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.

Analysis feed

FXStreet Trading Signals now available!

Access to real-time signals, community and guidance now!

Latest Analysis

Latest Forex Analysis

Editors’ Picks

EUR/USD bounces after upbeat COVID-19 cure news

EUR/USD is trading above 1.13, rebounding from the lows. Gilead reported that its drug Remdesevir substantially reduces mortality among COVID-19 patients. The news boosted stocks and weighed on the dollar. US coronavirus statistics are due out.


GBP/USD recaptures 1.26 as the market mood improves

GBP/USD is trading above 1.26 as the market mood improves and the safe-haven dollar retreats. Investors are shrugging off Brexit concerns and focusing on hopes to cure coronavirus. US COVID-19 statistics are due out.


XAU/USD consolidates daily gains above $1,800

After advancing to its highest level since September of 2011 at $1,818 on Wednesday, the XAU/USD pair staged a correction and briefly dropped below $1,800 on Thursday.

Gold News

Cryptocurrencies: War for dominance hit the bedrock of the market

Bitcoin tried to regain market share and activated sales in the Altcoin segment. BTC/USD, ETH/USD and XRP/USD are looking for supports and a rebound to push them to new elative highs. The current compression on the XRP/USD chart could trigger an exploding movement.

Read more

WTI once again breaks $40 per barrel after trading lower in early EU trade

There has been quite the bounce in WTI since the EU session after some strong selling pressure during Thursday and overnight. Once again on Friday's session, the price has taken the USD 40 per barrel handle. 

Oil News

Forex Majors