USD/JPY Intraday: support around 109.10

Swissquote Bank Research Team Swissquote Bank Ltd

EUR/USD

Key resistance at 1.1065.

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Pivot (invalidation): 1.1065

Our preference
Short positions below 1.1065 with targets at 1.1035 & 1.1020 in extension.

Alternative scenario
Above 1.1065 look for further upside with 1.1080 & 1.1090 as targets.

Comment
As Long as the resistance at 1.1065 is not surpassed, the risk of the break below 1.1035 remains high.

GBP/USD

The downside prevails.

Pivot (invalidation): 1.2835

Our preference
Short positions below 1.2835 with targets at 1.2790 & 1.2775 in extension.

Alternative scenario
Above 1.2835 look for further upside with 1.2855 & 1.2875 as targets.

Comment
The RSI calls for a new downleg.

USD/JPY

Intraday support around 109.10.

Pivot (invalidation): 109.10

Our preference
Long positions above 109.10 with targets at 109.35 & 109.50 in extension.

Alternative scenario
Below 109.10 look for further downside with 108.90 & 108.75 as targets.

Comment
A support base at 109.10 has formed and has allowed for a temporary stabilisation.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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