GBP/USD Intraday: Watch 1.2820

Swissquote Bank Research Team Swissquote Bank Ltd

EUR/USD

Key resistance at 1.1305.

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Pivot (invalidation): 1.1305

Our preference
Short positions below 1.1305 with targets at 1.1265 & 1.1240 in extension.

Alternative scenario
Above 1.1305 look for further upside with 1.1325 & 1.1350 as targets.

Comment
The RSI is below its neutrality area at 50%

GBP/USD

Watch 1.2820.

Pivot (invalidation): 1.2895

Our preference
Short positions below 1.2895 with targets at 1.2845 & 1.2820 in extension.

Alternative scenario
Above 1.2895 look for further upside with 1.2920 & 1.2940 as targets.

Comment
A break below 1.2845 would trigger a drop towards 1.2820.

USD/JPY

Further upside.

Pivot (invalidation): 110.30

Our preference
Long positions above 110.30 with targets at 110.80 & 111.10 in extension.

Alternative scenario
Below 110.30 look for further downside with 110.10 & 109.90 as targets.

Comment
The RSI is bullish and calls for further advance.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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