Swissquote Bank Research Team
Swissquote Bank Ltd
EUR/USD
Key resistance at 1.0840.
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Pivot (invalidation): 1.0840
Our preference
Short positions below 1.0840 with targets at 1.0815 & 1.0800 in extension.
Alternative scenario
Above 1.0840 look for further upside with 1.0850 & 1.0860 as targets.
Comment
The upward potential is likely to be limited by the resistance at 1.0840.
GBP/USD
Watch 1.2970.
Pivot (invalidation): 1.3020
Our preference
Short positions below 1.3020 with targets at 1.2990 & 1.2970 in extension.
Alternative scenario
Above 1.3020 look for further upside with 1.3050 & 1.3070 as targets.
Comment
A break below 1.2990 would trigger a drop towards 1.2970.
USD/JPY
The downside prevails.
Pivot (invalidation): 109.85
Our preference
Short positions below 109.85 with targets at 109.60 & 109.50 in extension.
Alternative scenario
Above 109.85 look for further upside with 109.95 & 110.10 as targets.
Comment
The RSI is bearish and calls for further downside.
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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