GBP/USD Intraday: Bullish bias above 1.2815

Swissquote Bank Research Team Swissquote Bank Ltd

EUR/USD

Under pressure.

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Pivot (invalidation): 1.1490

Our preference
Short positions below 1.1490 with targets at 1.1455 & 1.1435 in extension.

Alternative scenario
Above 1.1490 look for further upside with 1.1515 & 1.1540 as targets.

Comment
As Long as the resistance at 1.1490 is not surpassed, the risk of the break below 1.1455 remains high.

GBP/USD

Bullish bias above 1.2815.

Pivot (invalidation): 1.2815

Our preference
Long positions above 1.2815 with targets at 1.2880 & 1.2910 in extension.

Alternative scenario
Below 1.2815 look for further downside with 1.2780 & 1.2735 as targets.

Comment
Technically the RSI is above its neutrality area at 50.

USD/JPY

Turning down.

Pivot (invalidation): 108.35

Our preference
Short positions below 108.35 with targets at 108.00 & 107.75 in extension.

Alternative scenario
Above 108.35 look for further upside with 108.60 & 108.80 as targets.

Comment
The break below 108.35 is a negative signal that has opened a path to 108.00.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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