GBP/USD Intraday: Target 1.3070

Swissquote Bank Research Team Swissquote Bank Ltd

EUR/USD

The downside prevails.

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Pivot (invalidation): 1.1455

Our preference
Short positions below 1.1455 with targets at 1.1405 & 1.1390 in extension.

Alternative scenario
Above 1.1455 look for further upside with 1.1475 & 1.1500 as targets.

Comment
The RSI is bearish and calls for further downside.

GBP/USD

Target 1.3070.

Pivot (invalidation): 1.3160

Our preference
Short positions below 1.3160 with targets at 1.3105 & 1.3070 in extension.

Alternative scenario
Above 1.3160 look for further upside with 1.3200 & 1.3235 as targets.

Comment
A break below 1.3105 would trigger a drop towards 1.3070.

USD/JPY

Target 114.20.

Pivot (invalidation): 113.45

Our preference
Long positions above 113.45 with targets at 114.00 & 114.20 in extension.

Alternative scenario
Below 113.45 look for further downside with 113.20 & 112.95 as targets.

Comment
The RSI is bullish and calls for further upside.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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