GBP/USD Intraday: Key resistance at 1.2145

Swissquote Bank Research Team Swissquote Bank Ltd

EUR/USD

Key resistance at 1.1100.

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Pivot (invalidation): 1.1100

Our preference
Short positions below 1.1100 with targets at 1.1075 & 1.1065 in extension.

Alternative scenario
Above 1.1100 look for further upside with 1.1115 & 1.1135 as targets.

Comment
As Long as the resistance at 1.1100 is not surpassed, the risk of the break below 1.1075 remains high.

GBP/USD

Key resistance at 1.2145.

Pivot (invalidation): 1.2145

Our preference
Short positions below 1.2145 with targets at 1.2120 & 1.2105 in extension.

Alternative scenario
Above 1.2145 look for further upside with 1.2170 & 1.2190 as targets.

Comment
The upward potential is likely to be limited by the resistance at 1.2145.

USD/JPY

The bias remains bullish.

Pivot (invalidation): 106.40

Our preference
Long positions above 106.40 with targets at 106.70 & 106.95 in extension.

Alternative scenario
Below 106.40 look for further downside with 106.15 & 105.95 as targets.

Comment
The break above 106.40 is a positive signal that has opened a path to 106.70.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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