EUR/USD intraday: Under pressure

Swissquote Bank Research Team Swissquote Bank Ltd

EUR/USD: Under pressure

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Pivot (invalidation): 1.1825

Our preference
Short positions below 1.1825 with targets at 1.1790 & 1.1775 in extension.

Alternative scenario
Above 1.1825 look for further upside with 1.1850 & 1.1865 as targets.

Comment
As Long as the resistance at 1.1825 is not surpassed, the risk of the break below 1.1790 remains high.

GBP/USD: Watch 1.3020

Pivot (invalidation): 1.3080

Our preference
Short positions below 1.3080 with targets at 1.3040 & 1.3020 in extension.

Alternative scenario
Above 1.3080 look for further upside with 1.3100 & 1.3125 as targets.

Comment
A break below 1.3040 would trigger a drop towards 1.3020.

USD/JPY: The bias remains bullish

Pivot (invalidation): 106.75

Our preference
Long positions above 106.75 with targets at 107.05 & 107.15 in extension.

Alternative scenario
Below 106.75 look for further downside with 106.55 & 106.40 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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