Analysis

EUR/USD Intraday: key resistance at 1.1020

EUR/USD

Key resistance at 1.1020

 


 

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Pivot (invalidation): 1.1020

Our preference
Short positions below 1.1020 with targets at 1.1000 & 1.0985 in extension.

Alternative scenario
Above 1.1020 look for further upside with 1.1035 & 1.1055 as targets.

Comment
The upward potential is likely to be limited by the resistance at 1.1020.

 

GBP/USD

Watch 1.2290

Pivot (invalidation): 1.2350

Our preference
Short positions below 1.2350 with targets at 1.2310 & 1.2290 in extension.

Alternative scenario
Above 1.2350 look for further upside with 1.2375 & 1.2400 as targets.

Comment
As Long as the resistance at 1.2350 is not surpassed, the risk of the break below 1.2310 remains high.

 

USD/JPY

Watch 108.50

Pivot (invalidation): 107.80

Our preference
Long positions above 107.80 with targets at 108.25 & 108.50 in extension.

Alternative scenario
Below 107.80 look for further downside with 107.65 & 107.45 as targets.

Comment
The RSI calls for a new upleg.

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