GBP/USD Intraday: bullish bias above 1.2865

Swissquote Bank Research Team Swissquote Bank Ltd

EUR/USD

Towards 1.1045.

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Pivot (invalidation): 1.1010

Our preference
Long positions above 1.1010 with targets at 1.1035 & 1.1045 in extension.

Alternative scenario
Below 1.1010 look for further downside with 1.1000 & 1.0990 as targets.

Comment
The RSI lacks downward momentum.

GBP/USD

Bullish bias above 1.2865.

Pivot (invalidation): 1.2865

Our preference
Long positions above 1.2865 with targets at 1.2895 & 1.2910 in extension.

Alternative scenario
Below 1.2865 look for further downside with 1.2845 & 1.2825 as targets.

Comment
The break above 1.2865 is a positive signal that has opened a path to 1.2895.

USD/JPY

Target 108.85.

Pivot (invalidation): 108.45

Our preference
Long positions above 108.45 with targets at 108.70 & 108.85 in extension.

Alternative scenario
Below 108.45 look for further downside with 108.25 & 108.10 as targets.

Comment
The RSI is bullish and calls for further advance.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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