GBP/USD Intraday: bullish bias above 1.2135
|EUR/USD
1.1065 expected.
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Pivot (invalidation): 1.1105
Our preference
Short positions below 1.1105 with targets at 1.1085 & 1.1065 in extension.
Alternative scenario
Above 1.1105 look for further upside with 1.1120 & 1.1135 as targets.
Comment
A break below 1.1085 would trigger a drop towards 1.1065.
GBP/USD
Bullish bias above 1.2135.
Pivot (invalidation): 1.2135
Our preference
Long positions above 1.2135 with targets at 1.2160 & 1.2175 in extension.
Alternative scenario
Below 1.2135 look for further downside with 1.2120 & 1.2100 as targets.
Comment
A support base at 1.2135 has formed and has allowed for a temporary stabilisation.
USD/JPY
Supported by a rising trend line.
Pivot (invalidation): 106.20
Our preference
Long positions above 106.20 with targets at 106.50 & 106.75 in extension.
Alternative scenario
Below 106.20 look for further downside with 105.95 & 105.65 as targets.
Comment
A support base at 106.20 has formed and has allowed for a temporary stabilisation.
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