Swissquote Bank Research Team
Swissquote Bank Ltd
EUR/USD
Watch 1.1115.
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Pivot (invalidation): 1.1180
Our preference
Short positions below 1.1180 with targets at 1.1140 & 1.1115 in extension.
Alternative scenario
Above 1.1180 look for further upside with 1.1205 & 1.1220 as targets.
Comment
A break below 1.1140 would trigger a drop towards 1.1115.
GBP/USD
1.2870 expected.
Pivot (invalidation): 1.2930
Our preference
Short positions below 1.2930 with targets at 1.2890 & 1.2870 in extension.
Alternative scenario
Above 1.2930 look for further upside with 1.2960 & 1.2975 as targets.
Comment
The RSI lacks upward momentum.
USD/JPY
Turning down.
Pivot (invalidation): 112.20
Our preference
Short positions below 112.20 with targets at 111.80 & 111.65 in extension.
Alternative scenario
Above 112.20 look for further upside with 112.40 & 112.60 as targets.
Comment
The RSI calls for a new downleg.
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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