GBP/USD Intraday: Consolidation

Swissquote Bank Research Team Swissquote Bank Ltd

EUR/USD

Key resistance at 1.1350.

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Pivot (invalidation): 1.1350

Our preference
Short positions below 1.1350 with targets at 1.1305 & 1.1280 in extension.

Alternative scenario
Above 1.1350 look for further upside with 1.1375 & 1.1400 as targets.

Comment
As Long as the resistance at 1.1350 is not surpassed, the risk of the break below 1.1305 remains high.

GBP/USD

Consolidation.

Pivot (invalidation): 1.2545

Our preference
Short @ 1.2510 with targets @ 1.2480 & 1.2450 in extension.

Alternative scenario
Above 1.2545 look for further upside with 1.2580 & 1.2640 as targets.

Comment
As Long as 1.2545 is resistance, likely decline to 1.2480.

USD/JPY

Further advance.

Pivot (invalidation): 113.20

Our preference
Long positions above 113.20 with targets at 113.70 & 113.85 in extension.

Alternative scenario
Below 113.20 look for further downside with 113.00 & 112.80 as targets.

Comment
The RSI advocates for further upside.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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