GBP/USD Intraday: Further upside
|EUR/USD
Target 1.1245.
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Pivot (invalidation): 1.1190
Our preference
Long positions above 1.1190 with targets at 1.1230 & 1.1245 in extension.
Alternative scenario
Below 1.1190 look for further downside with 1.1175 & 1.1160 as targets.
Comment
A support base at 1.1190 has formed and has allowed for a temporary stabilisation.
GBP/USD
Further upside.
Pivot (invalidation): 1.2705
Our preference
Long positions above 1.2705 with targets at 1.2745 & 1.2760 in extension.
Alternative scenario
Below 1.2705 look for further downside with 1.2680 & 1.2655 as targets.
Comment
The break above 1.2705 is a positive signal that has opened a path to 1.2745.
USD/JPY
Rebound.
Pivot (invalidation): 109.25
Our preference
Long positions above 109.25 with targets at 109.70 & 109.95 in extension.
Alternative scenario
Below 109.25 look for further downside with 109.00 & 108.80 as targets.
Comment
The RSI calls for a rebound.
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