GBPUSD Intraday: Watch 1.3300

Swissquote Bank Research Team Swissquote Bank Ltd

EUR/USD

Target 1.1650.

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Pivot (invalidation): 1.1575

Our preference
Long positions above 1.1575 with targets at 1.1625 & 1.1650 in extension.

Alternative scenario
Below 1.1575 look for further downside with 1.1545 & 1.1515 as targets.

Comment
The RSI is bullish and calls for further upside. The pair is trading within a bullish channel drawn from the low of October 9.

GBP/USD

Watch 1.3300.

Pivot (invalidation): 1.3185

Our preference
Long positions above 1.3185 with targets at 1.3245 & 1.3300 in extension.

Alternative scenario
Below 1.3185 look for further downside with 1.3130 & 1.3100 as targets.

Comment
The RSI is mixed to bullish.

USD/JPY

Turning up.

Pivot (invalidation): 112.00

Our preference
Long positions above 112.00 with targets at 112.55 & 112.85 in extension.

Alternative scenario
Below 112.00 look for further downside with 111.80 & 111.55 as targets.

Comment
The RSI calls for a new upleg.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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