EUR/USD Intraday: The upside prevails

Swissquote Bank Research Team Swissquote Bank Ltd

EUR/USD

The upside prevails.

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Pivot (invalidation): 1.1380

Our preference
Long positions above 1.1380 with targets at 1.1420 & 1.1440 in extension.

Alternative scenario
Below 1.1380 look for further downside with 1.1355 & 1.1330 as targets.

Comment
The break above 1.1380 is a positive signal that has opened a path to 1.1420.

GBP/USD

Caution.

Pivot (invalidation): 1.2760

Our preference
Short positions below 1.2760 with targets at 1.2725 & 1.2705 in extension.

Alternative scenario
Above 1.2760 look for further upside with 1.2800 & 1.2820 as targets.

Comment
The upward potential is likely to be limited by the resistance at 1.2760.

USD/JPY

Aim @ 106.50.

Pivot (invalidation): 107.45

Our preference
Short positions below 107.45 with targets at 106.80 & 106.50 in extension.

Alternative scenario
Above 107.45 look for further upside with 107.70 & 107.85 as targets.

Comment
The RSI has broken down its 30 level.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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