EUR/USD intraday: Caution

Swissquote Bank Research Team Swissquote Bank Ltd

EUR/USD: Caution

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Pivot (invalidation): 1.1255

Our preference
Short positions below 1.1255 with targets at 1.1225 & 1.1205 in extension.

Alternative scenario
Above 1.1255 look for further upside with 1.1275 & 1.1295 as targets.

Comment
The upward potential is likely to be limited by the resistance at 1.1255.

GBP/USD: Key resistance at 1.2565

Pivot (invalidation): 1.2565

Our preference
Short positions below 1.2565 with targets at 1.2510 & 1.2485 in extension.

Alternative scenario
Above 1.2565 look for further upside with 1.2590 & 1.2620 as targets.

Comment
As Long as the resistance at 1.2565 is not surpassed, the risk of the break below 1.2510 remains high.

USD/JPY: Under pressure

Pivot (invalidation): 107.05

Our preference
Short positions below 107.05 with targets at 106.70 & 106.50 in extension.

Alternative scenario
Above 107.05 look for further upside with 107.20 & 107.30 as targets.

Comment
As Long as the resistance at 107.05 is not surpassed, the risk of the break below 106.70 remains high.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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