EUR/USD intraday: Further advance

Swissquote Bank Research Team Swissquote Bank Ltd

EUR/USD: Further advance

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Pivot (invalidation): 1.1870

Our preference
Long positions above 1.1870 with targets at 1.1920 & 1.1935 in extension.

Alternative scenario
Below 1.1870 look for further downside with 1.1840 & 1.1815 as targets.

Comment
The RSI is bullish and calls for further advance.

GBP/USD: Watch 1.3400

Pivot (invalidation): 1.3335

Our preference
Long positions above 1.3335 with targets at 1.3380 & 1.3400 in extension.

Alternative scenario
Below 1.3335 look for further downside with 1.3310 & 1.3290 as targets.

Comment
Technically the RSI is above its neutrality area at 50.

USD/JPY: The bias remains bullish

Pivot (invalidation): 104.35

Our preference
Long positions above 104.35 with targets at 104.60 & 104.75 in extension.

Alternative scenario
Below 104.35 look for further downside with 104.25 & 104.10 as targets.

Comment
A support base at 104.35 has formed and has allowed for a temporary stabilisation.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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