GBP/USD Intraday: under pressure

Swissquote Bank Research Team Swissquote Bank Ltd

EUR/USD

Towards 1.1000.

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Pivot (invalidation): 1.1045

Our preference
Short positions below 1.1045 with targets at 1.1020 & 1.1000 in extension.

Alternative scenario
Above 1.1045 look for further upside with 1.1060 & 1.1075 as targets.

Comment
A break below 1.1020 would trigger a drop towards 1.1000. The pair remains capped by a bearish trend line drawn from last Friday.

GBP/USD

Under pressure.

Pivot (invalidation): 1.2645

Our preference
Short positions below 1.2645 with targets at 1.2540 & 1.2495 in extension.

Alternative scenario
Above 1.2645 look for further upside with 1.2700 & 1.2740 as targets.

Comment
As Long as the resistance at 1.2645 is not surpassed, the risk of the break below 1.2540 remains high.

USD/JPY

Key resistance at 108.55.

Pivot (invalidation): 108.55

Our preference
Short positions below 108.55 with targets at 108.00 & 107.80 in extension.

Alternative scenario
Above 108.55 look for further upside with 108.85 & 109.15 as targets.

Comment
The upward potential is likely to be limited by the resistance at 108.55.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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