GBP/USD Intraday: The bias remains bullish
|EUR/USD
The upside prevails.
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Pivot (invalidation): 1.1350
Our preference
Long positions above 1.1350 with targets at 1.1380 & 1.1400 in extension.
Alternative scenario
Below 1.1350 look for further downside with 1.1325 & 1.1305 as targets.
Comment
Technically the RSI is above its neutrality area at 50.
GBP/USD
The bias remains bullish.
Pivot (invalidation): 1.2585
Our preference
Long positions above 1.2585 with targets at 1.2675 & 1.2720 in extension.
Alternative scenario
Below 1.2585 look for further downside with 1.2550 & 1.2520 as targets.
Comment
A support base at 1.2585 has formed and has allowed for a temporary stabilisation.
USD/JPY
Turning up.
Pivot (invalidation): 113.15
Our preference
Long positions above 113.15 with targets at 113.70 & 113.85 in extension.
Alternative scenario
Below 113.15 look for further downside with 113.00 & 112.85 as targets.
Comment
The RSI calls for a new upleg.
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