GBP/USD Intraday: The downside prevails

Swissquote Bank Research Team Swissquote Bank Ltd

EUR/USD

Look for 1.1250.

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Pivot (invalidation): 1.1290

Our preference
Short positions below 1.1290 with targets at 1.1265 & 1.1250 in extension.

Alternative scenario
Above 1.1290 look for further upside with 1.1305 & 1.1325 as targets.

Comment
A break below 1.1265 would trigger a drop towards 1.1250.

GBP/USD

The downside prevails.

Pivot (invalidation): 1.2690

Our preference
Short positions below 1.2690 with targets at 1.2665 & 1.2650 in extension.

Alternative scenario
Above 1.2690 look for further upside with 1.2705 & 1.2715 as targets.

Comment
The RSI lacks upward momentum.

USD/JPY

Towards 107.95.

Pivot (invalidation): 108.55

Our preference
Short positions below 108.55 with targets at 108.15 & 107.95 in extension.

Alternative scenario
Above 108.55 look for further upside with 108.70 & 108.80 as targets.

Comment
The RSI is bearish and calls for further decline.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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