USD/JPY Intraday: Turning up

Swissquote Bank Research Team Swissquote Bank Ltd

EUR/USD

Turning down.

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Pivot (invalidation): 1.0815

Our preference
Short positions below 1.0815 with targets at 1.0780 & 1.0770 in extension.

Alternative scenario
Above 1.0815 look for further upside with 1.0825 & 1.0835 as targets.

Comment
The RSI lacks upward momentum.

GBP/USD

The downside prevails.

Pivot (invalidation): 1.2930

Our preference
Short positions below 1.2930 with targets at 1.2880 & 1.2865 in extension.

Alternative scenario
Above 1.2930 look for further upside with 1.2955 & 1.2980 as targets.

Comment
The RSI has broken down its 30 level.

USD/JPY

Turning up.

Pivot (invalidation): 111.10

Our preference
Long positions above 111.10 with targets at 111.60 & 111.80 in extension.

Alternative scenario
Below 111.10 look for further downside with 110.85 & 110.65 as targets.

Comment
A support base at 111.10 has formed and has allowed for a temporary stabilisation.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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