Swissquote Bank Research Team
Swissquote Bank Ltd
EUR/USD
Key resistance at 1.1155.
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Pivot (invalidation): 1.1155
Our preference
Short positions below 1.1155 with targets at 1.1130 & 1.1110 in extension.
Alternative scenario
Above 1.1155 look for further upside with 1.1170 & 1.1185 as targets.
Comment
The upward potential is likely to be limited by the resistance at 1.1155.
GBP/USD
Capped by a negative trend line.
Pivot (invalidation): 1.3320
Our preference
Short positions below 1.3320 with targets at 1.3240 & 1.3200 in extension.
Alternative scenario
Above 1.3320 look for further upside with 1.3350 & 1.3380 as targets.
Comment
The upward potential is likely to be limited by the resistance at 1.3320.
USD/JPY
Supported by a rising trend line.
Pivot (invalidation): 109.45
Our preference
Long positions above 109.45 with targets at 109.70 & 109.85 in extension.
Alternative scenario
Below 109.45 look for further downside with 109.30 & 109.15 as targets.
Comment
A support base at 109.45 has formed and has allowed for a temporary stabilisation.
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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