EUR/USD intraday: Towards 1.1705

Swissquote Bank Research Team Swissquote Bank Ltd

EUR/USD: Towards 1.1705

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Pivot (invalidation): 1.1795

Our preference
Short positions below 1.1795 with targets at 1.1730 & 1.1705 in extension.

Alternative scenario
Above 1.1795 look for further upside with 1.1820 & 1.1840 as targets.

Comment
The RSI has broken down its 30 level.

GBP/USD: The downside prevails

Pivot (invalidation): 1.2950

Our preference
Short positions below 1.2950 with targets at 1.2875 & 1.2840 in extension.

Alternative scenario
Above 1.2950 look for further upside with 1.2975 & 1.3005 as targets.

Comment
The RSI shows downside momentum.

USD/JPY: Continuation of the rebound

Pivot (invalidation): 104.80

Our preference
Long positions above 104.80 with targets at 105.20 & 105.40 in extension.

Alternative scenario
Below 104.80 look for further downside with 104.60 & 104.40 as targets.

Comment
The RSI advocates for further upside.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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