GBP/USD Intraday: Further advance

Swissquote Bank Research Team Swissquote Bank Ltd

EUR/USD

Further upside.

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Pivot (invalidation): 1.1250

Our preference
Long positions above 1.1250 with targets at 1.1275 & 1.1285 in extension.

Alternative scenario
Below 1.1250 look for further downside with 1.1235 & 1.1220 as targets.

Comment
The RSI calls for a rebound.

GBP/USD

Further advance.

Pivot (invalidation): 1.3055

Our preference
Long positions above 1.3055 with targets at 1.3090 & 1.3115 in extension.

Alternative scenario
Below 1.3055 look for further downside with 1.3035 & 1.3005 as targets.

Comment
The RSI is bullish and calls for further advance.

USD/JPY

Watch 111.00.

Pivot (invalidation): 111.55

Our preference
Short positions below 111.55 with targets at 111.25 & 111.00 in extension.

Alternative scenario
Above 111.55 look for further upside with 111.75 & 111.85 as targets.

Comment
A break below 111.25 would trigger a drop towards 111.00.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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