USDJPY Intraday: Rebound expected

Swissquote Bank Research Team Swissquote Bank Ltd

EUR/USD

Aim @ 1.1515.

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Pivot (invalidation): 1.1570

Our preference
Short positions below 1.1570 with targets at 1.1535 & 1.1515 in extension.

Alternative scenario
Above 1.1570 look for further upside with 1.1590 & 1.1610 as targets.

Comment
The RSI is bearish and calls for further downside.

GBP/USD

Under pressure.

Pivot (invalidation): 1.3150

Our preference
Short positions below 1.3150 with targets at 1.3065 & 1.3030 in extension.

Alternative scenario
Above 1.3150 look for further upside with 1.3185 & 1.3225 as targets.

Comment
The RSI has broken down its 30 level.

USD/JPY

Rebound expected.

Pivot (invalidation): 111.90

Our preference
Long positions above 111.90 with targets at 112.35 & 112.55 in extension.

Alternative scenario
Below 111.90 look for further downside with 111.60 & 111.30 as targets.

Comment
A support base at 111.90 has formed and has allowed for a temporary stabilisation.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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