GBPUSD Intraday: 1.2700 expected

Swissquote Bank Research Team Swissquote Bank Ltd

EUR/USD

Aim @ 1.1320.

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Pivot (invalidation): 1.1400

Our preference
Short positions below 1.1400 with targets at 1.1350 & 1.1320 in extension.

Alternative scenario
Above 1.1400 look for further upside with 1.1420 & 1.1440 as targets.

Comment
A break below 1.1350 would trigger a drop towards 1.1320.

GBP/USD

1.2700 expected.

Pivot (invalidation): 1.2830

Our preference
Short positions below 1.2830 with targets at 1.2755 & 1.2700 in extension.

Alternative scenario
Above 1.2830 look for further upside with 1.2880 & 1.2950 as targets.

Comment
A break below 1.2755 would trigger a drop towards 1.2700.

USD/JPY

Aim @ 113.40.

Pivot (invalidation): 112.60

Our preference
Long positions above 112.60 with targets at 113.20 & 113.40 in extension.

Alternative scenario
Below 112.60 look for further downside with 112.30 & 112.00 as targets.

Comment
The RSI calls for a new upleg.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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