GBPUSD Intraday: Bullish bias above 1.3130

Swissquote Bank Research Team Swissquote Bank Ltd

EUR/USD

Limited upside.

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Pivot (invalidation): 1.1565

Our preference
Long positions above 1.1565 with targets at 1.1595 & 1.1610 in extension.

Alternative scenario
Below 1.1565 look for further downside with 1.1540 & 1.1515 as targets.

Comment
A support base at 1.1565 has formed and has allowed for a temporary stabilisation.

GBP/USD

Bullish bias above 1.3130.

Pivot (invalidation): 1.3130

Our preference
Long positions above 1.3130 with targets at 1.3165 & 1.3185 in extension.

Alternative scenario
Below 1.3130 look for further downside with 1.3095 & 1.3065 as targets.

Comment
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

USD/JPY

Turning up.

Pivot (invalidation): 111.70

Our preference
Long positions above 111.70 with targets at 112.25 & 112.50 in extension.

Alternative scenario
Below 111.70 look for further downside with 111.50 & 111.30 as targets.

Comment
The RSI calls for a new upleg.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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