Currency Zone

EUR/USD Intraday: intraday support around 1.1380.

Pivot: 1.1380

Our preference: long positions above 1.1380 with targets at 1.1420 & 1.1445 in extension.

Alternative scenario: below 1.1380 look for further downside with 1.1355 & 1.1335 as targets.

Comment: a support base at 1.1380 has formed and has allowed for a temporary stabilisation.

USD/JPY Intraday: the upside prevails.

Pivot: 111.70

Our preference: long positions above 111.70 with targets at 112.10 & 112.40 in extension.

Alternative scenario: below 111.70 look for further downside with 111.35 & 111.00 as targets.

Comment: the RSI shows upside momentum.

GBP/USD Intraday: the upside prevails.

Pivot: 1.2810

Our preference: long positions above 1.2810 with targets at 1.2865 & 1.2895 in extension.

Alternative scenario: below 1.2810 look for further downside with 1.2775 & 1.2750 as targets.

Comment: the RSI shows upside momentum.

EUR/GBP Intraday: supported by a rising trend line.

Pivot: 0.8870

Our preference: long positions above 0.8870 with targets at 0.8895 & 0.8910 in extension.

Alternative scenario: below 0.8870 look for further downside with 0.8855 & 0.8835 as targets.

Comment: the RSI lacks downward momentum.

USD/ZAR intraday: the upside prevails as long as 14.6070 is support

14.6070 is our pivot point.

Our preference: the upside prevails as long as 14.6070 is support.

Alternative scenario: below 14.6070, expect 14.4990 and 14.4340.

Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the pair is above its 20 and 50 MAs (respectively at 14.6498 and 14.6031).