EURUSD Intraday: Target 1.1370

Swissquote Bank Research Team Swissquote Bank Ltd

EUR/USD

Target 1.1370.

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Pivot (invalidation): 1.1300

Our preference
Long positions above 1.1300 with targets at 1.1345 & 1.1370 in extension.

Alternative scenario
Below 1.1300 look for further downside with 1.1280 & 1.1250 as targets.

Comment
The RSI is bullish and calls for further upside.

GBP/USD

Bullish bias above 1.2980.

Pivot (invalidation): 1.2980

Our preference
Long positions above 1.2980 with targets at 1.3020 & 1.3050 in extension.

Alternative scenario
Below 1.2980 look for further downside with 1.2930 & 1.2880 as targets.

Comment
A support base at 1.2980 has formed and has allowed for a temporary stabilisation.

USD/JPY

The downside prevails.

Pivot (invalidation): 113.75

Our preference
Short positions below 113.75 with targets at 113.30 & 113.00 in extension.

Alternative scenario
Above 113.75 look for further upside with 114.00 & 114.20 as targets.

Comment
The RSI is bearish and calls for further downside.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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