USD/JPY Intraday: Watch 112.00

Swissquote Bank Research Team Swissquote Bank Ltd

EUR/USD

Target 1.1390.

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Pivot (invalidation): 1.1330

Our preference
Long positions above 1.1330 with targets at 1.1360 & 1.1390 in extension.

Alternative scenario
Below 1.1330 look for further downside with 1.1310 & 1.1285 as targets.

Comment
Technically the RSI is above its neutrality area at 50.

GBP/USD

Aim @ 1.2685.

Pivot (invalidation): 1.2590

Our preference
Long positions above 1.2590 with targets at 1.2645 & 1.2685 in extension.

Alternative scenario
Below 1.2590 look for further downside with 1.2560 & 1.2530 as targets.

Comment
The RSI is bullish and calls for further upside.

USD/JPY

Watch 112.00.

Pivot (invalidation): 112.85

Our preference
Short positions below 112.85 with targets at 112.35 & 112.00 in extension.

Alternative scenario
Above 112.85 look for further upside with 113.05 & 113.25 as targets.

Comment
The RSI has broken down its 30 level.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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