GBP/USD Intraday: The bias remains bullish

EUR/USD

The upside prevails.

EURUSD


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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.

GBPUSD

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.

USDJPY

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.

This report has been prepared by AC Markets and is solely been published for informational purposes and is not to be construed as a solicitation or an offer to buy or sell any currency or any other financial instrument. Views expressed in this report may be subject to change without prior notice and may differ or be contrary to opinions expressed by AC Markets personnel at any given time. ACM is under no obligation to update or keep current the information herein, the report should not be regarded by recipients as a substitute for the exercise of their own judgment.