Swissquote Bank Research Team
Swissquote Bank Ltd
EUR/USD
The upside prevails.
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Pivot (invalidation): 1.1575
Our preference Long positions above 1.1575 with targets at 1.1645 & 1.1675 in extension.
Alternative scenario
Below 1.1575 look for further downside with 1.1555 & 1.1530 as targets.
Comment
The RSI advocates for further upside.
GBP/USD
Target 1.3275.
Pivot (invalidation): 1.3230
Our preference Long positions above 1.3230 with targets at 1.3275 & 1.3300 in extension.
Alternative scenario
Below 1.3230 look for further downside with 1.3210 & 1.3180 as targets.
Comment
The RSI is bullish and calls for further upside.
USD/JPY
Under pressure.
Pivot (invalidation): 110.25
Our preference Short positions below 110.25 with targets at 109.70 & 109.50 in extension.
Alternative scenario
Above 110.25 look for further upside with 110.55 & 110.75 as targets.
Comment
As Long as 110.25 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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