GBP/USD Intraday: 1.2095 expected

Swissquote Bank Research Team Swissquote Bank Ltd

EUR/USD

Under pressure.

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Pivot (invalidation): 1.1105

Our preference
Short positions below 1.1105 with targets at 1.1065 & 1.1050 in extension.

Alternative scenario
Above 1.1105 look for further upside with 1.1120 & 1.1140 as targets.

Comment
As Long as the resistance at 1.1105 is not surpassed, the risk of the break below 1.1065 remains high.

GBP/USD

1.2095 expected.

Pivot (invalidation): 1.2150

Our preference
Short positions below 1.2150 with targets at 1.2115 & 1.2095 in extension.

Alternative scenario
Above 1.2150 look for further upside with 1.2175 & 1.2200 as targets.

Comment
A break below 1.2115 would trigger a drop towards 1.2095.

USD/JPY

Turning down.

Pivot (invalidation): 106.65

Our preference
Short positions below 106.65 with targets at 106.30 & 106.10 in extension.

Alternative scenario
Above 106.65 look for further upside with 106.80 & 106.95 as targets.

Comment
The index currently faces a challenging resistance area at 106.65.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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