GBP/USD Intraday: towards 1.2970

Swissquote Bank Research Team Swissquote Bank Ltd

EUR/USD

Key resistance at 1.0810.

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Pivot (invalidation): 1.0810

Our preference
Short positions below 1.0810 with targets at 1.0785 & 1.0770 in extension.

Alternative scenario
Above 1.0810 look for further upside with 1.0825 & 1.0840 as targets.

Comment
The upward potential is likely to be limited by the resistance at 1.0810.

GBP/USD

Towards 1.2970.

Pivot (invalidation): 1.3015

Our preference
Short positions below 1.3015 with targets at 1.2990 & 1.2970 in extension.

Alternative scenario
Above 1.3015 look for further upside with 1.3035 & 1.3055 as targets.

Comment

A break below 1.2990 would trigger a drop towards 1.2970.

USD/JPY

Aim @ 110.30.

Pivot (invalidation): 109.90

Our preference
Long positions above 109.90 with targets at 110.15 & 110.30 in extension.

Alternative scenario
Below 109.90 look for further downside with 109.80 & 109.65 as targets.

Comment
The RSI is bullish and calls for further upside.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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