GBP/USD Intraday: The upside prevails

Swissquote Bank Research Team Swissquote Bank Ltd

EUR/USD

Aim @ 1.1215.

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Pivot (invalidation): 1.1160

Our preference
Long positions above 1.1160 with targets at 1.1200 & 1.1215 in extension.

Alternative scenario
Below 1.1160 look for further downside with 1.1145 & 1.1130 as targets.

Comment
The RSI advocates for further upside.

GBP/USD

The upside prevails.

Pivot (invalidation): 1.2645

Our preference
Long positions above 1.2645 with targets at 1.2680 & 1.2700 in extension.

Alternative scenario
Below 1.2645 look for further downside with 1.2625 & 1.2605 as targets.

Comment
The RSI lacks downward momentum.

USD/JPY

Under pressure.

Pivot (invalidation): 109.80

Our preference
Short positions below 109.80 with targets at 109.40 & 109.15 in extension.

Alternative scenario
Above 109.80 look for further upside with 110.00 & 110.20 as targets.

Comment
As Long as the resistance at 109.80 is not surpassed, the risk of the break below 109.40 remains high.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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