USD/JPY Intraday: Further advance

Swissquote Bank Research Team Swissquote Bank Ltd

EUR/USD

The downside prevails.

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Pivot (invalidation): 1.1345

Our preference
Short positions below 1.1345 with targets at 1.1300 & 1.1280 in extension.

Alternative scenario
Above 1.1345 look for further upside with 1.1360 & 1.1375 as targets.

Comment
The RSI is bearish and calls for further decline.

GBP/USD

Under pressure.

Pivot (invalidation): 1.2960

Our preference
Short positions below 1.2960 with targets at 1.2900 & 1.2875 in extension.

Alternative scenario
Above 1.2960 look for further upside with 1.2975 & 1.2995 as targets.

Comment
The RSI advocates for further downside.

USD/JPY

Further advance.

Pivot (invalidation): 109.70

Our preference
Long positions above 109.70 with targets at 110.10 & 110.30 in extension.

Alternative scenario
Below 109.70 look for further downside with 109.55 & 109.40 as targets.

Comment
The RSI is bullish and calls for further upside.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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