Swissquote Bank Research Team
Swissquote Bank Ltd
EUR/USD: Towards 1.1760
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Pivot (invalidation): 1.1665
Our preference
Long positions above 1.1665 with targets at 1.1735 & 1.1760 in extension.
Alternative scenario
Below 1.1665 look for further downside with 1.1630 & 1.1600 as targets.
Comment
The RSI is bullish and calls for further upside.
GBP/USD: Target 1.2900
Pivot (invalidation): 1.2800
Our preference
Long positions above 1.2800 with targets at 1.2870 & 1.2900 in extension.
Alternative scenario
Below 1.2800 look for further downside with 1.2775 & 1.2750 as targets.
Comment
The RSI is bullish and calls for further advance.
USD/JPY: The downside prevails
Pivot (invalidation): 105.90
Our preference
Short positions below 105.90 with targets at 105.25 & 105.00 in extension.
Alternative scenario
Above 105.90 look for further upside with 106.15 & 106.45 as targets.
Comment
The break below 105.90 is a negative signal that has opened a path to 105.25.
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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