Swissquote Bank Research Team
Swissquote Bank Ltd
EUR/USD
The upside prevails.
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Pivot (invalidation): 1.1355
Our preference
Long positions above 1.1355 with targets at 1.1395 & 1.1415 in extension.
Alternative scenario
Below 1.1355 look for further downside with 1.1335 & 1.1320 as targets.
Comment
A support base at 1.1355 has formed and has allowed for a temporary stabilisation.
GBP/USD
Caution.
Pivot (invalidation): 1.2755
Our preference
Long positions above 1.2755 with targets at 1.2810 & 1.2840 in extension.
Alternative scenario
Below 1.2755 look for further downside with 1.2730 & 1.2700 as targets.
Comment
Intraday technical indicators are mixed and call for caution.
USD/JPY
Turning up.
Pivot (invalidation): 112.60
Our preference
Long positions above 112.60 with targets at 113.05 & 113.25 in extension.
Alternative scenario
Below 112.60 look for further downside with 112.40 & 112.20 as targets.
Comment
The RSI calls for a new upleg.
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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