USD/JPY levels: Under pressure
|EUR/USD
The upside prevails.
Stay on top of the markets with Swissquote’s News & Analysis
Pivot (invalidation): 1.1575
Our preference Long positions above 1.1575 with targets at 1.1645 & 1.1675 in extension.
Alternative scenario
Below 1.1575 look for further downside with 1.1555 & 1.1530 as targets.
Comment
The RSI advocates for further upside.
GBP/USD
Target 1.3275.
Pivot (invalidation): 1.3230
Our preference Long positions above 1.3230 with targets at 1.3275 & 1.3300 in extension.
Alternative scenario
Below 1.3230 look for further downside with 1.3210 & 1.3180 as targets.
Comment
The RSI is bullish and calls for further upside.
USD/JPY
Under pressure.
Pivot (invalidation): 110.25
Our preference Short positions below 110.25 with targets at 109.70 & 109.50 in extension.
Alternative scenario
Above 110.25 look for further upside with 110.55 & 110.75 as targets.
Comment
As Long as 110.25 is resistance, look for choppy price action with a bearish bias.
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.