GBP/USD Intraday: Turning down

Swissquote Bank Research Team Swissquote Bank Ltd

EUR/USD

Under pressure.

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Pivot (invalidation): 1.1580

Our preference
Short positions below 1.1580 with targets at 1.1540 & 1.1515 in extension.

Alternative scenario
Above 1.1580 look for further upside with 1.1595 & 1.1610 as targets.

Comment
The immediate trend remains down and the momentum is strong.

GBP/USD

Turning down.

Pivot (invalidation): 1.3195

Our preference
Short positions below 1.3195 with targets at 1.3160 & 1.3140 in extension.

Alternative scenario
Above 1.3195 look for further upside with 1.3225 & 1.3255 as targets.

Comment
The RSI shows downside momentum.

USD/JPY

Aim @ 112.75.

Pivot (invalidation): 112.15

Our preference
Long positions above 112.15 with targets at 112.50 & 112.75 in extension.

Alternative scenario
Below 112.15 look for further downside with 111.95 & 111.70 as targets.

Comment
The RSI is supported by a rising trend line.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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