USD/JPY intraday: Further advance
|EUR/USD: Key resistance at 1.1255
Stay on top of the markets with Swissquote’s News & Analysis
Pivot (invalidation): 1.1255
Our preference
Short positions below 1.1255 with targets at 1.1230 & 1.1215 in extension.
Alternative scenario
Above 1.1255 look for further upside with 1.1270 & 1.1285 as targets.
Comment
As Long as the resistance at 1.1255 is not surpassed, the risk of the break below 1.1230 remains high.
GBP/USD: Key resistance at 1.2330
Pivot (invalidation): 1.2330
Our preference
Short positions below 1.2330 with targets at 1.2280 & 1.2250 in extension.
Alternative scenario
Above 1.2330 look for further upside with 1.2360 & 1.2390 as targets.
Comment
As Long as the resistance at 1.2330 is not surpassed, the risk of the break below 1.2280 remains high.
USD/JPY: Further advance
Pivot (invalidation): 107.45
Our preference
Long positions above 107.45 with targets at 107.90 & 108.25 in extension.
Alternative scenario
Below 107.45 look for further downside with 107.25 & 107.00 as targets.
Comment
The RSI lacks downward momentum.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.