GBP/USD Intraday: Watch 1.2735
|EUR/USD
Target 1.1420.
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Pivot (invalidation): 1.1365
Our preference
Long positions above 1.1365 with targets at 1.1405 & 1.1420 in extension.
Alternative scenario
Below 1.1365 look for further downside with 1.1350 & 1.1330 as targets.
Comment
The break above 1.1365 is a positive signal that has opened a path to 1.1405.
GBP/USD
Watch 1.2735.
Pivot (invalidation): 1.2625
Our preference
Long positions above 1.2625 with targets at 1.2705 & 1.2735 in extension.
Alternative scenario
Below 1.2625 look for further downside with 1.2590 & 1.2555 as targets.
Comment
The RSI is bullish and calls for further upside.
USD/JPY
The downside prevails.
Pivot (invalidation): 112.60
Our preference
Short positions below 112.60 with targets at 112.00 & 111.80 in extension.
Alternative scenario
Above 112.60 look for further upside with 112.85 & 113.05 as targets.
Comment
The RSI shows downside momentum.
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