GBP/USD Intraday: The downside prevails
|EUR/USD
Look for 1.1250.
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Pivot (invalidation): 1.1290
Our preference
Short positions below 1.1290 with targets at 1.1265 & 1.1250 in extension.
Alternative scenario
Above 1.1290 look for further upside with 1.1305 & 1.1325 as targets.
Comment
A break below 1.1265 would trigger a drop towards 1.1250.
GBP/USD
The downside prevails.
Pivot (invalidation): 1.2690
Our preference
Short positions below 1.2690 with targets at 1.2665 & 1.2650 in extension.
Alternative scenario
Above 1.2690 look for further upside with 1.2705 & 1.2715 as targets.
Comment
The RSI lacks upward momentum.
USD/JPY
Towards 107.95.
Pivot (invalidation): 108.55
Our preference
Short positions below 108.55 with targets at 108.15 & 107.95 in extension.
Alternative scenario
Above 108.55 look for further upside with 108.70 & 108.80 as targets.
Comment
The RSI is bearish and calls for further decline.
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