GBP/USD Intraday: Under pressure

Swissquote Bank Research Team Swissquote Bank Ltd

EUR/USD

Key resistance at 1.0830.

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Pivot (invalidation): 1.0830

Our preference
Short positions below 1.0830 with targets at 1.0795 & 1.0775 in extension.

Alternative scenario
Above 1.0830 look for further upside with 1.0865 & 1.0900 as targets.

Comment
The upward potential is likely to be limited by the resistance at 1.0830.

GBP/USD

Under pressure.

Pivot (invalidation): 1.2270

Our preference
Short positions below 1.2270 with targets at 1.2205 & 1.2175 in extension.

Alternative scenario
Above 1.2270 look for further upside with 1.2300 & 1.2345 as targets.

Comment
As Long as the resistance at 1.2270 is not surpassed, the risk of the break below 1.2205 remains high.

USD/JPY

The upside prevails.

Pivot (invalidation): 108.55

Our preference
Long positions above 108.55 with targets at 109.35 & 109.70 in extension.

Alternative scenario
Below 108.55 look for further downside with 108.25 & 108.00 as targets.

Comment
The break above 108.55 is a positive signal that has opened a path to 109.35.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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