USD/JPY Intraday: the bias remains bullish
|EUR/USD
Key resistance at 1.1105.
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Pivot (invalidation): 1.1105
Our preference
Short positions below 1.1105 with targets at 1.1085 & 1.1070 in extension.
Alternative scenario
Above 1.1105 look for further upside with 1.1120 & 1.1130 as targets.
Comment
The upward potential is likely to be limited by the resistance at 1.1105.
GBP/USD
Rebound expected.
Pivot (invalidation): 1.2980
Our preference
Long positions above 1.2980 with targets at 1.3020 & 1.3045 in extension.
Alternative scenario
Below 1.2980 look for further downside with 1.2960 & 1.2940 as targets.
Comment
A support base at 1.2980 has formed and has allowed for a temporary stabilisation.
USD/JPY
The bias remains bullish.
Pivot (invalidation): 110.00
Our preference
Long positions above 110.00 with targets at 110.30 & 110.45 in extension.
Alternative scenario
Below 110.00 look for further downside with 109.90 & 109.80 as targets.
Comment
Technically the RSI is above its neutrality area at 50.
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