GBP/USD Intraday: Watch 1.2735

Swissquote Bank Research Team Swissquote Bank Ltd

EUR/USD

Target 1.1420.

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Pivot (invalidation): 1.1365

Our preference
Long positions above 1.1365 with targets at 1.1405 & 1.1420 in extension.

Alternative scenario
Below 1.1365 look for further downside with 1.1350 & 1.1330 as targets.

Comment
The break above 1.1365 is a positive signal that has opened a path to 1.1405.

GBP/USD

Watch 1.2735.

Pivot (invalidation): 1.2625

Our preference
Long positions above 1.2625 with targets at 1.2705 & 1.2735 in extension.

Alternative scenario
Below 1.2625 look for further downside with 1.2590 & 1.2555 as targets.

Comment
The RSI is bullish and calls for further upside.

USD/JPY

The downside prevails.

Pivot (invalidation): 112.60

Our preference
Short positions below 112.60 with targets at 112.00 & 111.80 in extension.

Alternative scenario
Above 112.60 look for further upside with 112.85 & 113.05 as targets.

Comment
The RSI shows downside momentum.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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