USD/JPY intraday: Watch 106.75

Swissquote Bank Research Team Swissquote Bank Ltd

EUR/USD: The downside prevails

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Pivot (invalidation): 1.1300

Our preference
Short positions below 1.1300 with targets at 1.1255 & 1.1235 in extension.

Alternative scenario
Above 1.1300 look for further upside with 1.1315 & 1.1335 as targets.

Comment
The RSI is bearish and calls for further downside.

GBP/USD: The downside prevails

Pivot (invalidation): 1.2625

Our preference
Short positions below 1.2625 with targets at 1.2560 & 1.2540 in extension.

Alternative scenario
Above 1.2625 look for further upside with 1.2650 & 1.2670 as targets.

Comment
The RSI lacks upward momentum.

USD/JPY: Watch 106.75

Pivot (invalidation): 107.25

Our preference
Short positions below 107.25 with targets at 106.90 & 106.75 in extension.

Alternative scenario
Above 107.25 look for further upside with 107.35 & 107.45 as targets.

Comment
A break below 106.90 would trigger a drop towards 106.75.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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