Swissquote Bank Research Team
Swissquote Bank Ltd
EUR/USD: Turning down
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Pivot (invalidation): 1.1330
Our preference
Short positions below 1.1330 with targets at 1.1300 & 1.1280 in extension.
Alternative scenario
Above 1.1330 look for further upside with 1.1345 & 1.1360 as targets.
Comment
The RSI shows downside momentum.
GBP/USD: Key resistance at 1.2520
Pivot (invalidation): 1.2520
Our preference
Short positions below 1.2520 with targets at 1.2480 & 1.2455 in extension.
Alternative scenario
Above 1.2520 look for further upside with 1.2540 & 1.2560 as targets.
Comment
As Long as the resistance at 1.2520 is not surpassed, the risk of the break below 1.2480 remains high.
USD/JPY: Under pressure
Pivot (invalidation): 107.50
Our preference
Short positions below 107.50 with targets at 107.20 & 107.05 in extension.
Alternative scenario
Above 107.50 look for further upside with 107.65 & 107.80 as targets.
Comment
As Long as 107.50 is resistance, look for choppy price action with a bearish bias.
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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