GBP/USD intraday: The bias remains bullish
EUR/USD: Further upside
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Pivot (invalidation): 1.1830
Our preference
Long positions above 1.1830 with targets at 1.1885 & 1.1900 in extension.
Alternative scenario
Below 1.1830 look for further downside with 1.1805 & 1.1780 as targets.
Comment
The RSI advocates for further upside.
GBP/USD: The bias remains bullish
Pivot (invalidation): 1.3080
Our preference
Long positions above 1.3080 with targets at 1.3115 & 1.3130 in extension.
Alternative scenario
Below 1.3080 look for further downside with 1.3060 & 1.3045 as targets.
Comment
Technically the RSI is above its neutrality area at 50.
USD/JPY: Under pressure
Pivot (invalidation): 106.70
Our preference
Short positions below 106.70 with targets at 106.40 & 106.20 in extension.
Alternative scenario
Above 106.70 look for further upside with 106.85 & 107.05 as targets.
Comment
A break below 106.40 would trigger a drop towards 106.20.
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