GBP/USD  Intraday: The bias remains bullish

GBP/USD Intraday: The bias remains bullish

EUR/USD

Key resistance at 1.0955.

EURUSD

 


 

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Pivot (invalidation): 1.0955

Our preference
Short positions below 1.0955 with targets at 1.0915 & 1.0900 in extension.

Alternative scenario
Above 1.0955 look for further upside with 1.0975 & 1.0990 as targets.

Comment
The upward potential is likely to be limited by the resistance at 1.0955.

 

GBP/USD

The bias remains bullish.

GBPUSD

Pivot (invalidation): 1.2230

Our preference
Long positions above 1.2230 with targets at 1.2295 & 1.2325 in extension.

Alternative scenario
Below 1.2230 look for further downside with 1.2200 & 1.2180 as targets.

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

 

USD/JPY

Turning down.

USDJPY

Pivot (invalidation): 108.00

Our preference
Short positions below 108.00 with targets at 107.60 & 107.35 in extension.

Alternative scenario
Above 108.00 look for further upside with 108.15 & 108.30 as targets.

Comment
The RSI calls for a new downleg.

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