USD/JPY Intraday: Towards 112.30

Swissquote Bank Research Team Swissquote Bank Ltd

EUR/USD

Aim @ 1.1310.

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Pivot (invalidation): 1.1360

Our preference
Short positions below 1.1360 with targets at 1.1330 & 1.1310 in extension.

Alternative scenario
Above 1.1360 look for further upside with 1.1380 & 1.1410 as targets.

Comment
The RSI shows downside momentum.

GBP/USD

1.2670 expected.

Pivot (invalidation): 1.2760

Our preference
Short positions below 1.2760 with targets at 1.2705 & 1.2670 in extension.

Alternative scenario
Above 1.2760 look for further upside with 1.2800 & 1.2840 as targets.

Comment
A break below 1.2705 would trigger a drop towards 1.2670.

USD/JPY

Towards 112.30.

Pivot (invalidation): 113.05

Our preference
Short positions below 113.05 with targets at 112.60 & 112.30 in extension.

Alternative scenario
Above 113.05 look for further upside with 113.25 & 113.50 as targets.

Comment
The RSI is bearish and calls for further decline.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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