GBP/USD Intraday: The upside prevails

Swissquote Bank Research Team Swissquote Bank Ltd

EUR/USD

Further advance.

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Pivot (invalidation): 1.1250

Our preference
Long positions above 1.1250 with targets at 1.1280 & 1.1300 in extension.

Alternative scenario
Below 1.1250 look for further downside with 1.1235 & 1.1220 as targets.

Comment
The RSI advocates for further upside.

GBP/USD

The upside prevails.

Pivot (invalidation): 1.2495

Our preference
Long positions above 1.2495 with targets at 1.2540 & 1.2560 in extension.

Alternative scenario
Below 1.2495 look for further downside with 1.2480 & 1.2460 as targets.

Comment
The RSI is bullish and calls for further advance.

USD/JPY

Under pressure.

Pivot (invalidation): 108.20

Our preference
Short positions below 108.20 with targets at 107.65 & 107.50 in extension.

Alternative scenario
Above 108.20 look for further upside with 108.35 & 108.50 as targets.

Comment
The RSI has broken down its 30 level.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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