GBP/USD Intraday: Consolidation
|EUR/USD
Key resistance at 1.1350.
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Pivot (invalidation): 1.1350
Our preference
Short positions below 1.1350 with targets at 1.1305 & 1.1280 in extension.
Alternative scenario
Above 1.1350 look for further upside with 1.1375 & 1.1400 as targets.
Comment
As Long as the resistance at 1.1350 is not surpassed, the risk of the break below 1.1305 remains high.
GBP/USD
Consolidation.
Pivot (invalidation): 1.2545
Our preference
Short @ 1.2510 with targets @ 1.2480 & 1.2450 in extension.
Alternative scenario
Above 1.2545 look for further upside with 1.2580 & 1.2640 as targets.
Comment
As Long as 1.2545 is resistance, likely decline to 1.2480.
USD/JPY
Further advance.
Pivot (invalidation): 113.20
Our preference
Long positions above 113.20 with targets at 113.70 & 113.85 in extension.
Alternative scenario
Below 113.20 look for further downside with 113.00 & 112.80 as targets.
Comment
The RSI advocates for further upside.
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