EURUSD Intraday: Target 1.1370
|EUR/USD
Target 1.1370.
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Pivot (invalidation): 1.1300
Our preference
Long positions above 1.1300 with targets at 1.1345 & 1.1370 in extension.
Alternative scenario
Below 1.1300 look for further downside with 1.1280 & 1.1250 as targets.
Comment
The RSI is bullish and calls for further upside.
GBP/USD
Bullish bias above 1.2980.
Pivot (invalidation): 1.2980
Our preference
Long positions above 1.2980 with targets at 1.3020 & 1.3050 in extension.
Alternative scenario
Below 1.2980 look for further downside with 1.2930 & 1.2880 as targets.
Comment
A support base at 1.2980 has formed and has allowed for a temporary stabilisation.
USD/JPY
The downside prevails.
Pivot (invalidation): 113.75
Our preference
Short positions below 113.75 with targets at 113.30 & 113.00 in extension.
Alternative scenario
Above 113.75 look for further upside with 114.00 & 114.20 as targets.
Comment
The RSI is bearish and calls for further downside.
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