USD/JPY intraday: The downside prevails

Swissquote Bank Research Team Swissquote Bank Ltd

EUR/USD: Caution

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Pivot (invalidation): 1.1825

Our preference
Short positions below 1.1825 with targets at 1.1800 & 1.1785 in extension.

Alternative scenario
Above 1.1825 look for further upside with 1.1840 & 1.1860 as targets.

Comment
The upward potential is likely to be limited by the resistance at 1.1825.

GBP/USD: Key resistance at 1.3045

Pivot (invalidation): 1.3045

Our preference
Short positions below 1.3045 with targets at 1.3005 & 1.2990 in extension.

Alternative scenario
Above 1.3045 look for further upside with 1.3075 & 1.3100 as targets.

Comment
The upward potential is likely to be limited by the resistance at 1.3045.

USD/JPY: The downside prevails

Pivot (invalidation): 104.90

Our preference
Short positions below 104.90 with targets at 104.50 & 104.30 in extension.

Alternative scenario
Above 104.90 look for further upside with 105.05 & 105.20 as targets.

Comment
The RSI has broken down its 30 level.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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