GBP/USD Intraday: under pressure

Swissquote Bank Research Team Swissquote Bank Ltd

EUR/USD

Watch 1.1010.

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Pivot (invalidation): 1.1040

Our preference
Short positions below 1.1040 with targets at 1.1020 & 1.1010 in extension.

Alternative scenario
Above 1.1040 look for further upside with 1.1050 & 1.1060 as targets.

Comment
The RSI lacks upward momentum.

GBP/USD

Under pressure.

Pivot (invalidation): 1.3085

Our preference
Short positions below 1.3085 with targets at 1.3035 & 1.3010 in extension.

Alternative scenario
Above 1.3085 look for further upside with 1.3105 & 1.3130 as targets.

Comment
As Long as 1.3085 is resistance, expect a return to 1.3035.

USD/JPY

Key resistance at 109.15.

Pivot (invalidation): 109.15

Our preference
Short positions below 109.15 with targets at 108.70 & 108.50 in extension.

Alternative scenario
Above 109.15 look for further upside with 109.40 & 109.65 as targets.

Comment
The upward potential is likely to be limited by the resistance at 109.15.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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