Currency Zone

EUR/USD Intraday: continuation of the rebound.
Pivot: 1.1320

Our preference: long @ 1.1340 with targets @ 1.1360 & 1.1385 in extension.

Alternative scenario: below 1.1320 look for further downside with 1.1300 & 1.1280 as targets.

Comment: the RSI shows upside momentum.

USD/JPY Intraday: under pressure.
Pivot: 113.10

Our preference: short positions below 113.10 with targets at 112.65 & 112.40 in extension.

Alternative scenario: above 113.10 look for further upside with 113.40 & 113.70 as targets.

Comment: the RSI is mixed to bearish.

GBP/USD Intraday: the bias remains bullish.
Pivot: 1.2790

Our preference: long positions above 1.2790 with targets at 1.2900 & 1.2945 in extension.

Alternative scenario: below 1.2790 look for further downside with 1.2765 & 1.2730 as targets.

Comment: the RSI shows upside momentum.

EUR/GBP Intraday: under pressure.
Pivot: 0.8850

Our preference: short positions below 0.8850 with targets at 0.8810 & 0.8795 in extension.

Alternative scenario: above 0.8850 look for further upside with 0.8865 & 0.8880 as targets.

Comment: the RSI is mixed to bearish.

USD/ZAR intraday: the downside prevails as long as 14.8010 is resistance
Our pivot point stands at 14.8010.

Our preference: the downside prevails as long as 14.8010 is resistance.

Alternative scenario: the upside breakout of 14.8010, would call for 14.9010 and 14.9610.

Comment: the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the pair stands below its 20 and 50 MAs (respectively at 14.7489 and 14.7437).