GBP/USD levels: Rebound expected

Swissquote Bank Research Team Swissquote Bank Ltd

EUR/USD

Further upside.

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Pivot (invalidation): 1.1665

Our preference
Long positions above 1.1665 with targets at 1.1725 & 1.1750 in extension.

Alternative scenario
Below 1.1665 look for further downside with 1.1640 & 1.1620 as targets.

Comment
The RSI calls for a new upleg.

GBP/USD

Rebound expected.

Pivot (invalidation): 1.3135

Our preference
Long positions above 1.3135 with targets at 1.3165 & 1.3185 in extension.

Alternative scenario
Below 1.3135 look for further downside with 1.3110 & 1.3080 as targets.

Comment
The RSI calls for a rebound.

USD/JPY

Turning up.

Pivot (invalidation): 111.80

Our preference
Long positions above 111.80 with targets at 112.10 & 112.30 in extension.

Alternative scenario
Below 111.80 look for further downside with 111.65 & 111.50 as targets.

Comment
The RSI calls for a new upleg.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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