USD/JPY Intraday: Turning down

Swissquote Bank Research Team Swissquote Bank Ltd

EUR/USD

Watch 1.1115.

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Pivot (invalidation): 1.1180

Our preference
Short positions below 1.1180 with targets at 1.1140 & 1.1115 in extension.

Alternative scenario
Above 1.1180 look for further upside with 1.1205 & 1.1220 as targets.

Comment
A break below 1.1140 would trigger a drop towards 1.1115.

GBP/USD

1.2870 expected.

Pivot (invalidation): 1.2930

Our preference
Short positions below 1.2930 with targets at 1.2890 & 1.2870 in extension.

Alternative scenario
Above 1.2930 look for further upside with 1.2960 & 1.2975 as targets.

Comment
The RSI lacks upward momentum.

USD/JPY

Turning down.

Pivot (invalidation): 112.20

Our preference
Short positions below 112.20 with targets at 111.80 & 111.65 in extension.

Alternative scenario
Above 112.20 look for further upside with 112.40 & 112.60 as targets.

Comment
The RSI calls for a new downleg.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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