USD/JPY Intraday: turning up

Swissquote Bank Research Team Swissquote Bank Ltd

EUR/USD

Turning down.

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Pivot (invalidation): 1.1160

Our preference
Short positions below 1.1160 with targets at 1.1115 & 1.1095 in extension.

Alternative scenario
Above 1.1160 look for further upside with 1.1180 & 1.1200 as targets.

Comment
The RSI is bearish and calls for further downside.

GBP/USD

Bullish bias above 1.2240.

Pivot (invalidation): 1.2240

Our preference
Long positions above 1.2240 with targets at 1.2290 & 1.2310 in extension.

Alternative scenario
Below 1.2240 look for further downside with 1.2220 & 1.2195 as targets.

Comment
A support base at 1.2240 has formed and has allowed for a temporary stabilisation.

USD/JPY

Turning up.

Pivot (invalidation): 105.10

Our preference
Long positions above 105.10 with targets at 106.00 & 106.35 in extension.

Alternative scenario
Below 105.10 look for further downside with 104.75 & 104.40 as targets.

Comment
The RSI calls for a rebound.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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