EUR/USD Intraday: Towards 1.1320

Swissquote Bank Research Team Swissquote Bank Ltd

EUR/USD

Towards 1.1320.

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Pivot (invalidation): 1.1380

Our preference
Short positions below 1.1380 with targets at 1.1340 & 1.1320 in extension.

Alternative scenario
Above 1.1380 look for further upside with 1.1395 & 1.1410 as targets.

Comment
The RSI is bearish and calls for further downside.

GBP/USD

Under pressure.

Pivot (invalidation): 1.2710

Our preference
Short positions below 1.2710 with targets at 1.2665 & 1.2640 in extension.

Alternative scenario
Above 1.2710 look for further upside with 1.2740 & 1.2765 as targets.

Comment
The break below 1.2710 is a negative signal that has opened a path to 1.2665.

USD/JPY

Further advance.

Pivot (invalidation): 107.05

Our preference
Long positions above 107.05 with targets at 107.70 & 108.10 in extension.

Alternative scenario
Below 107.05 look for further downside with 106.80 & 106.50 as targets.

Comment
The RSI is bullish and calls for further advance.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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