GBP/USD Intraday: Bullish bias above 1.1805
|EUR/USD
The upside prevails.
Stay on top of the markets with Swissquote’s News & Analysis
Pivot (invalidation): 1.0865
Our preference
Long positions above 1.0865 with targets at 1.0950 & 1.0985 in extension.
Alternative scenario
Below 1.0865 look for further downside with 1.0835 & 1.0810 as targets.
Comment
The break above 1.0865 is a positive signal that has opened a path to 1.0950.
GBP/USD
Bullish bias above 1.1805.
Pivot (invalidation): 1.1805
Our preference
Long positions above 1.1805 with targets at 1.1890 & 1.1915 in extension.
Alternative scenario
Below 1.1805 look for further downside with 1.1775 & 1.1730 as targets.
Comment
The RSI lacks downward momentum.
USD/JPY
Key resistance at 111.05.
Pivot (invalidation): 111.05
Our preference
Short positions below 111.05 with targets at 110.40 & 110.05 in extension.
Alternative scenario
Above 111.05 look for further upside with 111.40 & 111.70 as targets.
Comment
As Long as the resistance at 111.05 is not surpassed, the risk of the break below 110.40 remains high.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.