GBP/USD Intraday: The bias remains bullish

Swissquote Bank Research Team Swissquote Bank Ltd

EUR/USD

The upside prevails.

Stay on top of the markets with Swissquote’s News & Analysis

Pivot (invalidation): 1.1350

Our preference
Long positions above 1.1350 with targets at 1.1380 & 1.1400 in extension.

Alternative scenario
Below 1.1350 look for further downside with 1.1325 & 1.1305 as targets.

Comment
Technically the RSI is above its neutrality area at 50.

GBP/USD

The bias remains bullish.

Pivot (invalidation): 1.2585

Our preference
Long positions above 1.2585 with targets at 1.2675 & 1.2720 in extension.

Alternative scenario
Below 1.2585 look for further downside with 1.2550 & 1.2520 as targets.

Comment
A support base at 1.2585 has formed and has allowed for a temporary stabilisation.

USD/JPY

Turning up.

Pivot (invalidation): 113.15

Our preference
Long positions above 113.15 with targets at 113.70 & 113.85 in extension.

Alternative scenario
Below 113.15 look for further downside with 113.00 & 112.85 as targets.

Comment
The RSI calls for a new upleg.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

EUR/USD treads water above 1.1850 amid thin trading

EUR/USD stays defensive but holds 1.1850 amid quiet markets in the European hours on Monday. The US Dollar is struggling for direction due to thin liquidity conditions as US markets are closed in observance of Presidents' Day.

GBP/USD flat lines as traders await key UK and US macro data

GBP/USD kicks off a new week on a subdued note and oscillates in a narrow range near 1.365 in Monday's European trading. The mixed fundamental backdrop warrants some caution for aggressive traders as the market focus now shifts to this week's important releases from the UK and the US.

Gold sticks to intraday losses; lacks follow-through

Gold remains depressed through the early European session on Monday, though it has managed to rebound from the daily trough and currently trades around the $5,000 psychological mark. Moreover, a combination of supporting factors warrants some caution for aggressive bearish traders, and before positioning for deeper losses.

Bitcoin, Ethereum and Ripple consolidate within key ranges as selling pressure eases

Bitcoin and Ethereum prices have been trading sideways within key ranges following the massive correction. Meanwhile, XRP recovers slightly, breaking above the key resistance zone. The top three cryptocurrencies hint at a potential short-term recovery, with momentum indicators showing fading bearish signs.

Global inflation watch: Signs of cooling services inflation

Realized inflation landed close to expectations in January, as negative base effects weighed on the annual rates. Remaining sticky inflation is largely explained by services, while tariff-driven goods inflation remains limited even in the US.

Ripple Price Forecast: XRP potential bottom could be in sight

Ripple edges up above the intraday low of $1.35 at the time of writing on Friday amid mixed price actions across the crypto market. The remittance token failed to hold support at $1.40 the previous day, reflecting risk-off sentiment amid a decline in retail and institutional sentiment.