USD/JPY intraday: Under pressure

Swissquote Bank Research Team Swissquote Bank Ltd

EUR/USD: Turning down

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Pivot (invalidation): 1.1330

Our preference
Short positions below 1.1330 with targets at 1.1300 & 1.1280 in extension.

Alternative scenario
Above 1.1330 look for further upside with 1.1345 & 1.1360 as targets.

Comment
The RSI shows downside momentum.

GBP/USD: Key resistance at 1.2520

Pivot (invalidation): 1.2520

Our preference
Short positions below 1.2520 with targets at 1.2480 & 1.2455 in extension.

Alternative scenario
Above 1.2520 look for further upside with 1.2540 & 1.2560 as targets.

Comment
As Long as the resistance at 1.2520 is not surpassed, the risk of the break below 1.2480 remains high.

USD/JPY: Under pressure

Pivot (invalidation): 107.50

Our preference
Short positions below 107.50 with targets at 107.20 & 107.05 in extension.

Alternative scenario
Above 107.50 look for further upside with 107.65 & 107.80 as targets.

Comment
As Long as 107.50 is resistance, look for choppy price action with a bearish bias.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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