USD/JPY Intraday: Further advance

Swissquote Bank Research Team Swissquote Bank Ltd

EUR/USD

The upside prevails.

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Pivot (invalidation): 1.1315

Our preference
Long positions above 1.1315 with targets at 1.1350 & 1.1370 in extension.

Alternative scenario
Below 1.1315 look for further downside with 1.1300 & 1.1285 as targets.

Comment
The RSI advocates for further upside.

GBP/USD

Further upside.

Pivot (invalidation): 1.2880

Our preference
Long positions above 1.2880 with targets at 1.2925 & 1.2940 in extension.

Alternative scenario
Below 1.2880 look for further downside with 1.2860 & 1.2840 as targets.

Comment
The RSI advocates for further advance.

USD/JPY

Further advance.

Pivot (invalidation): 110.45

Our preference
Long positions above 110.45 with targets at 110.85 & 111.00 in extension.

Alternative scenario
Below 110.45 look for further downside with 110.30 & 110.15 as targets.

Comment
The RSI advocates for further upside.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

EUR/USD: US Dollar to remain pressured until uncertainty fog dissipates

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GBP/USD reclaims 1.3600 and above

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Week ahead: US NFP and CPI data to shake Fed cut bets, Japan election looms

US NFP and CPI data awaited after Warsh’s nomination as Fed chief. Yen traders lock gaze on Sunday’s snap election. UK and Eurozone Q4 GDP data also on the agenda. China CPI and PPI could reveal more weakness in domestic demand.

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