EUR/USD Intraday: The upside prevails

Swissquote Bank Research Team Swissquote Bank Ltd

EUR/USD

The upside prevails.

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Pivot (invalidation): 1.1290

Our preference
Long positions above 1.1290 with targets at 1.1325 & 1.1345 in extension.

Alternative scenario
Below 1.1290 look for further downside with 1.1275 & 1.1260 as targets.

Comment
The RSI has just landed on its neutrality area at 50% and is turning up.

GBP/USD

Continuation of the rebound.

Pivot (invalidation): 1.3080

Our preference
Long positions above 1.3080 with targets at 1.3110 & 1.3135 in extension.

Alternative scenario
Below 1.3080 look for further downside with 1.3065 & 1.3050 as targets.

Comment
The break above 1.3080 is a positive signal that has opened a path to 1.3110.

USD/JPY

Bullish bias above 111.85.

Pivot (invalidation): 111.85

Our preference
Long positions above 111.85 with targets at 112.10 & 112.20 in extension.

Alternative scenario
Below 111.85 look for further downside with 111.65 & 111.50 as targets.

Comment
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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