EUR/USD Intraday: the bias remains bullish
|EUR/USD
The bias remains bullish.
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Pivot (invalidation): 1.1140
Our preference
Long positions above 1.1140 with targets at 1.1165 & 1.1180 in extension.
Alternative scenario
Below 1.1140 look for further downside with 1.1120 & 1.1105 as targets.
Comment
The break above 1.1140 is a positive signal that has opened a path to 1.1165.
GBP/USD
Further advance.
Pivot (invalidation): 1.3020
Our preference
Long positions above 1.3020 with targets at 1.3070 & 1.3085 in extension.
Alternative scenario
Below 1.3020 look for further downside with 1.3000 & 1.2985 as targets.
Comment
The RSI is bullish and calls for further upside.
USD/JPY
Key resistance at 110.00.
Pivot (invalidation): 110.00
Our preference
Short positions below 110.00 with targets at 109.80 & 109.65 in extension.
Alternative scenario
Above 110.00 look for further upside with 110.10 & 110.20 as targets.
Comment
As Long as 110.00 is resistance, likely decline to 109.80.
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