USD/JPY intraday: Bullish bias above 107.50

Swissquote Bank Research Team Swissquote Bank Ltd

EUR/USD: Key resistance at 1.1290

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Pivot (invalidation): 1.1290

Our preference
Short positions below 1.1290 with targets at 1.1260 & 1.1245 in extension.

Alternative scenario
Above 1.1290 look for further upside with 1.1305 & 1.1330 as targets.

Comment
As Long as the resistance at 1.1290 is not surpassed, the risk of the break below 1.1260 remains high.

GBP/USD: Rebound expected

Pivot (invalidation): 1.2535
Our preference Long positions above 1.2535 with targets at 1.2570 & 1.2590 in extension.

Alternative scenario
Below 1.2535 look for further downside with 1.2510 & 1.2490 as targets.

Comment
The RSI lacks downward momentum.

USD/JPY: Bullish bias above 107.50

Pivot (invalidation): 107.50

Our preference
Long positions above 107.50 with targets at 107.70 & 107.80 in extension.

Alternative scenario
Below 107.50 look for further downside with 107.40 & 107.30 as targets.

Comment
Technically the RSI is above its neutrality area at 50.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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