GBP/USD intraday: Supported by a rising trend line

Swissquote Bank Research Team Swissquote Bank Ltd

EUR/USD: Bullish bias above 1.1750

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Pivot (invalidation): 1.1750

Our preference
Long positions above 1.1750 with targets at 1.1805 & 1.1830 in extension.

Alternative scenario
Below 1.1750 look for further downside with 1.1720 & 1.1700 as targets.

Comment
The RSI is mixed with a bullish bias.

GBP/USD: Supported by a rising trend line

Pivot (invalidation): 1.2950

Our preference
Long positions above 1.2950 with targets at 1.3015 & 1.3050 in extension.

Alternative scenario
Below 1.2950 look for further downside with 1.2910 & 1.2880 as targets.

Comment
The RSI has just landed on its neutrality area at 50% and is turning up.

USD/JPY: Key resistance at 105.20

Pivot (invalidation): 105.20

Our preference
Short positions below 105.20 with targets at 104.75 & 104.45 in extension.

Alternative scenario
Above 105.20 look for further upside with 105.45 & 105.70 as targets.

Comment
The upward potential is likely to be limited by the resistance at 105.20.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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