GBP/USD Intraday: bullish bias above 1.3055

Swissquote Bank Research Team Swissquote Bank Ltd

EUR/USD

Watch 1.1115.

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Pivot (invalidation): 1.1145

Our preference
Short positions below 1.1145 with targets at 1.1125 & 1.1115 in extension.

Alternative scenario
Above 1.1145 look for further upside with 1.1160 & 1.1175 as targets.

Comment
A break below 1.1125 would trigger a drop towards 1.1115.

GBP/USD

Bullish bias above 1.3055.

Pivot (invalidation): 1.3055

Our preference
Long positions above 1.3055 with targets at 1.3090 & 1.3105 in extension.

Alternative scenario
Below 1.3055 look for further downside with 1.3035 & 1.3015 as targets.

Comment
The break above 1.3055 is a positive signal that has opened a path to 1.3090.

USD/JPY

The upside prevails.

Pivot (invalidation): 110.05

Our preference
Long positions above 110.05 with targets at 110.35 & 110.50 in extension.

Alternative scenario
Below 110.05 look for further downside with 109.90 & 109.80 as targets.

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

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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