GBP/USD intraday: Further upside

Swissquote Bank Research Team Swissquote Bank Ltd

EUR/USD: The upside prevails

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Pivot (invalidation): 1.1850

Our preference
Long positions above 1.1850 with targets at 1.1890 & 1.1910 in extension.

Alternative scenario
Below 1.1850 look for further downside with 1.1830 & 1.1815 as targets.

Comment
The RSI advocates for further upside.

GBP/USD: Further upside

Pivot (invalidation): 1.3225

Our preference
Long positions above 1.3225 with targets at 1.3280 & 1.3310 in extension.

Alternative scenario
Below 1.3225 look for further downside with 1.3195 & 1.3165 as targets.

Comment
The RSI shows upside momentum.

USD/JPY: Watch 103.40

Pivot (invalidation): 104.00

Our preference
Short positions below 104.00 with targets at 103.65 & 103.40 in extension.

Alternative scenario
Above 104.00 look for further upside with 104.20 & 104.40 as targets.

Comment
As Long as the resistance at 104.00 is not surpassed, the risk of the break below 103.65 remains high.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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