EUR/USD Intraday: 1.1315 expected

Swissquote Bank Research Team Swissquote Bank Ltd

EUR/USD

1.1315 expected.

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Pivot (invalidation): 1.1270

Our preference
Long positions above 1.1270 with targets at 1.1300 & 1.1315 in extension.

Alternative scenario
Below 1.1270 look for further downside with 1.1250 & 1.1235 as targets.

Comment
The RSI calls for a new upleg.

GBP/USD

Turning up.

Pivot (invalidation): 1.3050

Our preference
Long positions above 1.3050 with targets at 1.3090 & 1.3110 in extension.

Alternative scenario
Below 1.3050 look for further downside with 1.3030 & 1.3005 as targets.

Comment
The RSI calls for a rebound.

USD/JPY

Aim @ 112.00.

Pivot (invalidation): 111.50

Our preference
Long positions above 111.50 with targets at 111.80 & 112.00 in extension.

Alternative scenario
Below 111.50 look for further downside with 111.35 & 111.15 as targets.

Comment
The RSI advocates for further upside.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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