USD/JPY Intraday: Turning up
|EUR/USD
The upside prevails.
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Pivot (invalidation): 1.1355
Our preference
Long positions above 1.1355 with targets at 1.1395 & 1.1415 in extension.
Alternative scenario
Below 1.1355 look for further downside with 1.1335 & 1.1320 as targets.
Comment
A support base at 1.1355 has formed and has allowed for a temporary stabilisation.
GBP/USD
Caution.
Pivot (invalidation): 1.2755
Our preference
Long positions above 1.2755 with targets at 1.2810 & 1.2840 in extension.
Alternative scenario
Below 1.2755 look for further downside with 1.2730 & 1.2700 as targets.
Comment
Intraday technical indicators are mixed and call for caution.
USD/JPY
Turning up.
Pivot (invalidation): 112.60
Our preference
Long positions above 112.60 with targets at 113.05 & 113.25 in extension.
Alternative scenario
Below 112.60 look for further downside with 112.40 & 112.20 as targets.
Comment
The RSI calls for a new upleg.
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