USD/JPY Intraday: supported by a rising trend line
|EUR/USD
Expect 1.1050.
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Pivot (invalidation): 1.1090
Our preference
Short positions below 1.1090 with targets at 1.1065 & 1.1050 in extension.
Alternative scenario
Above 1.1090 look for further upside with 1.1105 & 1.1120 as targets.
Comment
A break below 1.1065 would trigger a drop towards 1.1050.
GBP/USD
Watch 1.2950.
Pivot (invalidation): 1.3035
Our preference
Short positions below 1.3035 with targets at 1.2980 & 1.2950 in extension.
Alternative scenario
Above 1.3035 look for further upside with 1.3060 & 1.3080 as targets.
Comment
As Long as the resistance at 1.3035 is not surpassed, the risk of the break below 1.2980 remains high.
USD/JPY
Supported by a rising trend line.
Pivot (invalidation): 109.30
Our preference
Long positions above 109.30 with targets at 109.55 & 109.70 in extension.
Alternative scenario
Below 109.30 look for further downside with 109.15 & 109.05 as targets.
Comment
The RSI lacks downward momentum.
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