USD/JPY intraday: Further advance

Swissquote Bank Research Team Swissquote Bank Ltd

EUR/USD: Key resistance at 1.1255

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Pivot (invalidation): 1.1255

Our preference
Short positions below 1.1255 with targets at 1.1230 & 1.1215 in extension.

Alternative scenario
Above 1.1255 look for further upside with 1.1270 & 1.1285 as targets.

Comment
As Long as the resistance at 1.1255 is not surpassed, the risk of the break below 1.1230 remains high.

GBP/USD: Key resistance at 1.2330

Pivot (invalidation): 1.2330

Our preference
Short positions below 1.2330 with targets at 1.2280 & 1.2250 in extension.

Alternative scenario
Above 1.2330 look for further upside with 1.2360 & 1.2390 as targets.

Comment
As Long as the resistance at 1.2330 is not surpassed, the risk of the break below 1.2280 remains high.

USD/JPY: Further advance

Pivot (invalidation): 107.45

Our preference
Long positions above 107.45 with targets at 107.90 & 108.25 in extension.

Alternative scenario
Below 107.45 look for further downside with 107.25 & 107.00 as targets.

Comment
The RSI lacks downward momentum.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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GBP/USD reclaims 1.3600 and above

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