GBP/USD Intraday: Key resistance at 1.2885

Swissquote Bank Research Team Swissquote Bank Ltd

EUR/USD

Caution.

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Pivot (invalidation): 1.1285

Our preference
Short positions below 1.1285 with targets at 1.1260 & 1.1245 in extension.

Alternative scenario
Above 1.1285 look for further upside with 1.1300 & 1.1320 as targets.

Comment
As Long as 1.1285 is resistance, look for choppy price action with a bearish bias.

GBP/USD

Key resistance at 1.2885.

Pivot (invalidation): 1.2885

Our preference
Short positions below 1.2885 with targets at 1.2840 & 1.2810 in extension.

Alternative scenario
Above 1.2885 look for further upside with 1.2905 & 1.2925 as targets.

Comment
As Long as the resistance at 1.2885 is not surpassed, the risk of the break below 1.2840 remains high.

USD/JPY

Further advance.

Pivot (invalidation): 110.85

Our preference
Long positions above 110.85 with targets at 111.25 & 111.45 in extension.

Alternative scenario
Below 110.85 look for further downside with 110.65 & 110.50 as targets.

Comment
The RSI advocates for further advance.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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