USD/JPY Intraday: under pressure

Swissquote Bank Research Team Swissquote Bank Ltd

EUR/USD

Turning up.

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Pivot (invalidation): 1.1040

Our preference
Long positions above 1.1040 with targets at 1.1075 & 1.1085 in extension.

Alternative scenario
Below 1.1040 look for further downside with 1.1025 & 1.1010 as targets.

Comment
The RSI calls for a new upleg.

GBP/USD

Target 1.2600.

Pivot (invalidation): 1.2520

Our preference
Long positions above 1.2520 with targets at 1.2580 & 1.2600 in extension.

Alternative scenario
Below 1.2520 look for further downside with 1.2500 & 1.2475 as targets.

Comment
The RSI is bullish and calls for further upside.

USD/JPY

Under pressure.

Pivot (invalidation): 108.10

Our preference
Short positions below 108.10 with targets at 107.75 & 107.65 in extension.

Alternative scenario
Above 108.10 look for further upside with 108.30 & 108.45 as targets.

Comment
The RSI shows downside momentum.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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