Currency Zone

EUR/USD Intraday: under pressure.

Pivot: 1.1395

Our preference: short positions below 1.1395 with targets at 1.1365 & 1.1335 in extension.

Alternative scenario: above 1.1395 look for further upside with 1.1420 & 1.1445 as targets.

Comment: as long as the resistance at 1.1395 is not surpassed, the risk of the break below 1.1365 remains high.

USD/JPY Intraday: further advance.

Pivot: 112.40

Our preference: long @ 112.65 with targets @ 112.90 & 113.10 in extension.

Alternative scenario: below 112.40 look for further downside with 112.20 & 112.00 as targets.

Comment: the RSI is bullish and calls for further upside.

GBP/USD Intraday: under pressure.

Pivot: 1.2830

Our preference: short positions below 1.2830 with targets at 1.2775 & 1.2750 in extension.

Alternative scenario: above 1.2830 look for further upside with 1.2855 & 1.2875 as targets.

Comment: the RSI shows downside momentum.

EUR/GBP Intraday: the upside prevails.

Pivot: 0.8875

Our preference: long positions above 0.8875 with targets at 0.8900 & 0.8910 in extension.

Alternative scenario: below 0.8875 look for further downside with 0.8860 & 0.8850 as targets.

Comment: the RSI shows upside momentum.

USD/ZAR intraday: target 14.4490

Our pivot point stands at 14.7300.

Our preference: target 14.4490.

Alternative scenario: the upside breakout of 14.7300, would call for 14.8310 and 14.8910.

Comment: the RSI is below 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the pair is trading under its 20 MA (14.6876) but above its 50 MA (14.6041).