USD/JPY Intraday: 108.40 expected

Swissquote Bank Research Team Swissquote Bank Ltd

EUR/USD

Further advance.

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Pivot (invalidation): 1.1095

Our preference
Long positions above 1.1095 with targets at 1.1115 & 1.1130 in extension.

Alternative scenario
Below 1.1095 look for further downside with 1.1080 & 1.1065 as targets.

Comment
The RSI advocates for further upside.

GBP/USD

Watch 1.3205.

Pivot (invalidation): 1.3125

Our preference
Long positions above 1.3125 with targets at 1.3175 & 1.3205 in extension.

Alternative scenario
Below 1.3125 look for further downside with 1.3100 & 1.3085 as targets.

Comment
A support base at 1.3125 has formed and has allowed for a temporary stabilisation.

USD/JPY

108.40 expected.

Pivot (invalidation): 108.80

Our preference
Short positions below 108.80 with targets at 108.60 & 108.40 in extension.

Alternative scenario
Above 108.80 look for further upside with 108.95 & 109.10 as targets.

Comment
A break below 108.60 would trigger a drop towards 108.40.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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