GBP/USD Intraday: Look for 1.2730

Swissquote Bank Research Team Swissquote Bank Ltd

EUR/USD

Watch 1.1325.

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Pivot (invalidation): 1.1240

Our preference
Long positions above 1.1240 with targets at 1.1300 & 1.1325 in extension.

Alternative scenario
Below 1.1240 look for further downside with 1.1220 & 1.1200 as targets.

Comment
The RSI is bullish and calls for further advance.

GBP/USD

Look for 1.2730.

Pivot (invalidation): 1.2650

Our preference
Long positions above 1.2650 with targets at 1.2705 & 1.2730 in extension.

Alternative scenario
Below 1.2650 look for further downside with 1.2620 & 1.2590 as targets.

Comment
The RSI advocates for further upside.

USD/JPY

107.00 expected.

Pivot (invalidation): 107.95

Our preference
Short positions below 107.95 with targets at 107.35 & 107.00 in extension.

Alternative scenario
Above 107.95 look for further upside with 108.20 & 108.50 as targets.

Comment
The immediate trend remains down and the momentum is strong.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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