GBP/USD Intraday: Watch 1.2475

Swissquote Bank Research Team Swissquote Bank Ltd

EUR/USD

Under pressure.

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Pivot (invalidation): 1.1270

Our preference
Short positions below 1.1270 with targets at 1.1250 & 1.1240 in extension.

Alternative scenario
Above 1.1270 look for further upside with 1.1285 & 1.1305 as targets.

Comment
As Long as the resistance at 1.1270 is not surpassed, the risk of the break below 1.1250 remains high.

GBP/USD

Watch 1.2475.

Pivot (invalidation): 1.2535

Our preference
Short positions below 1.2535 with targets at 1.2495 & 1.2475 in extension.

Alternative scenario
Above 1.2535 look for further upside with 1.2560 & 1.2580 as targets.

Comment
The RSI lacks upward momentum.

USD/JPY

Turning up.

Pivot (invalidation): 107.80

Our preference
Long positions above 107.80 with targets at 108.10 & 108.25 in extension.

Alternative scenario
Below 107.80 look for further downside with 107.55 & 107.35 as targets.

Comment
The RSI is bullish and calls for further upside.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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