EURUSD Intraday: Target 1.1300

Swissquote Bank Research Team Swissquote Bank Ltd

EUR/USD

Target 1.1300.

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Pivot (invalidation): 1.1390

Our preference
Short positions below 1.1390 with targets at 1.1330 & 1.1300 in extension.

Alternative scenario
Above 1.1390 look for further upside with 1.1420 & 1.1445 as targets.

Comment
The RSI has broken down its 30 level.

GBP/USD

Aim @ 1.3010.

Pivot (invalidation): 1.3080

Our preference
Short positions below 1.3080 with targets at 1.3040 & 1.3010 in extension.

Alternative scenario
Above 1.3080 look for further upside with 1.3115 & 1.3150 as targets.

Comment
A break below 1.3040 would trigger a drop towards 1.3010.

USD/JPY

Bullish bias above 113.75.

Pivot (invalidation): 113.75

Our preference
Long positions above 113.75 with targets at 114.10 & 114.40 in extension.

Alternative scenario
Below 113.75 look for further downside with 113.50 & 113.20 as targets.

Comment
A support base at 113.75 has formed and has allowed for a temporary stabilisation.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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