GBP/USD intraday: The upside prevails

Swissquote Bank Research Team Swissquote Bank Ltd

EUR/USD: Further advance

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Pivot (invalidation): 1.1900

Our preference
Long positions above 1.1900 with targets at 1.1950 & 1.1970 in extension.

Alternative scenario
Below 1.1900 look for further downside with 1.1880 & 1.1865 as targets.

Comment
The RSI lacks downward momentum

GBP/USD: The upside prevails

Pivot (invalidation): 1.3365

Our preference
Long positions above 1.3365 with targets at 1.3410 & 1.3435 in extension.

Alternative scenario
Below 1.3365 look for further downside with 1.3335 & 1.3310 as targets.

Comment
The break above 1.3365 is a positive signal that has opened a path to 1.3410

USD/JPY: The downside prevails

Pivot (invalidation): 104.45

Our preference
Short positions below 104.45 with targets at 104.10 & 103.90 in extension.

Alternative scenario
Above 104.45 look for further upside with 104.60 & 104.75 as targets.

Comment
The RSI lacks upward momentum.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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