GBP/USD intraday: Key resistance at 1.2995

Swissquote Bank Research Team Swissquote Bank Ltd

EUR/USD: Continuation of the rebound

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Pivot (invalidation): 1.1820

Our preference
Long positions above 1.1820 with targets at 1.1875 & 1.1900 in extension.

Alternative
scenario Below 1.1820 look for further downside with 1.1790 & 1.1770 as targets.

Comment
The break above 1.1820 is a positive signal that has opened a path to 1.1875.

GBP/USD: Key resistance at 1.2995

Pivot (invalidation): 1.2995

Our preference
Short positions below 1.2995 with targets at 1.2920 & 1.2890 in extension.

Alternative scenario
Above 1.2995 look for further upside with 1.3035 & 1.3065 as targets.

Comment
As Long as the resistance at 1.2995 is not surpassed, the risk of the break below 1.2920 remains high.

USD/JPY: Turning up

Pivot (invalidation): 104.60

Our preference
Long positions above 104.60 with targets at 105.00 & 105.15 in extension.

Alternative scenario
Below 104.60 look for further downside with 104.45 & 104.30 as targets.

Comment
The RSI calls for a new upleg.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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