Swissquote Bank Research Team
Swissquote Bank Ltd
EUR/USD
Key resistance at 1.1100
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Pivot (invalidation): 1.1100
Our preference
Short positions below 1.1100 with targets at 1.1075 & 1.1065 in extension.
Alternative scenario
Above 1.1100 look for further upside with 1.1115 & 1.1135 as targets.
Comment
As Long as the resistance at 1.1100 is not surpassed, the risk of the break below 1.1075 remains high.
GBP/USD
Key resistance at 1.2145
Pivot (invalidation): 1.2145
Our preference
Short positions below 1.2145 with targets at 1.2120 & 1.2105 in extension.
Alternative scenario
Above 1.2145 look for further upside with 1.2170 & 1.2190 as targets.
Comment
The upward potential is likely to be limited by the resistance at 1.2145.
USD/JPY
The bias remains bullish
Pivot (invalidation): 106.40
Our preference
Long positions above 106.40 with targets at 106.70 & 106.95 in extension.
Alternative scenario
Below 106.40 look for further downside with 106.15 & 105.95 as targets.
Comment
The break above 106.40 is a positive signal that has opened a path to 106.70.
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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