USD/JPY intraday: Towards 103.90

Swissquote Bank Research Team Swissquote Bank Ltd

EUR/USD: Towards 1.1950

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Pivot (invalidation): 1.1840

Our preference
Long positions above 1.1840 with targets at 1.1925 & 1.1950 in extension.

Alternative scenario
Below 1.1840 look for further downside with 1.1805 & 1.1770 as targets.

Comment
The RSI is bullish and calls for further advance.

GBP/USD: Further upside

Pivot (invalidation): 104.70

Our preference
Short positions below 104.70 with targets at 104.15 & 103.90 in extension.

Alternative scenario
Above 104.70 look for further upside with 105.00 & 105.30 as targets.

Comment
A break below 104.15 would trigger a drop towards 103.90.

USD/JPY: Towards 103.90

Pivot (invalidation): 104.70

Our preference
Short positions below 104.70 with targets at 104.15 & 103.90 in extension.

Alternative scenario
Above 104.70 look for further upside with 105.00 & 105.30 as targets.

Comment
A break below 104.15 would trigger a drop towards 103.90.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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