GBP/USD Intraday: Further upside

Swissquote Bank Research Team Swissquote Bank Ltd

EUR/USD

Target 1.1245.

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Pivot (invalidation): 1.1190

Our preference
Long positions above 1.1190 with targets at 1.1230 & 1.1245 in extension.

Alternative scenario
Below 1.1190 look for further downside with 1.1175 & 1.1160 as targets.

Comment
A support base at 1.1190 has formed and has allowed for a temporary stabilisation.

GBP/USD

Further upside.

Pivot (invalidation): 1.2705

Our preference
Long positions above 1.2705 with targets at 1.2745 & 1.2760 in extension.

Alternative scenario
Below 1.2705 look for further downside with 1.2680 & 1.2655 as targets.

Comment
The break above 1.2705 is a positive signal that has opened a path to 1.2745.

USD/JPY

Rebound.

Pivot (invalidation): 109.25

Our preference
Long positions above 109.25 with targets at 109.70 & 109.95 in extension.

Alternative scenario
Below 109.25 look for further downside with 109.00 & 108.80 as targets.

Comment
The RSI calls for a rebound.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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