GBP/USD Intraday: bullish bias above 1.3015

Swissquote Bank Research Team Swissquote Bank Ltd

EUR/USD

The downside prevails.

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Pivot (invalidation): 1.0855

Our preference
Short positions below 1.0855 with targets at 1.0815 & 1.0800 in extension.

Alternative scenario
Above 1.0855 look for further upside with 1.0875 & 1.0890 as targets.

Comment
The RSI lacks upward momentum.

GBP/USD

Bullish bias above 1.3015.

Pivot (invalidation): 1.3015

Our preference
Long positions above 1.3015 with targets at 1.3070 & 1.3100 in extension.

Alternative scenario
Below 1.3015 look for further downside with 1.2990 & 1.2965 as targets.

Comment
The break above 1.3015 is a positive signal that has opened a path to 1.3070.

USD/JPY

Key resistance at 109.90.

Pivot (invalidation): 109.90

Our preference
Short positions below 109.90 with targets at 109.70 & 109.60 in extension.

Alternative scenario
Above 109.90 look for further upside with 110.00 & 110.10 as targets.

Comment
The upward potential is likely to be limited by the resistance at 109.90.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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