Swissquote Bank Research Team
Swissquote Bank Ltd
EUR/USD: The downside prevails
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Pivot (invalidation): 1.1300
Our preference
Short positions below 1.1300 with targets at 1.1255 & 1.1235 in extension.
Alternative scenario
Above 1.1300 look for further upside with 1.1315 & 1.1335 as targets.
Comment
The RSI is bearish and calls for further downside.
GBP/USD: The downside prevails
Pivot (invalidation): 1.2625
Our preference
Short positions below 1.2625 with targets at 1.2560 & 1.2540 in extension.
Alternative scenario
Above 1.2625 look for further upside with 1.2650 & 1.2670 as targets.
Comment
The RSI lacks upward momentum.
USD/JPY: Watch 106.75
Pivot (invalidation): 107.25
Our preference
Short positions below 107.25 with targets at 106.90 & 106.75 in extension.
Alternative scenario
Above 107.25 look for further upside with 107.35 & 107.45 as targets.
Comment
A break below 106.90 would trigger a drop towards 106.75.
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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