Currency Zone

EUR/USD Intraday: the bias remains bullish.
Pivot: 1.1385

Our preference: long positions above 1.1385 with targets at 1.1435 & 1.1475 in extension.

Alternative scenario: below 1.1385 look for further downside with 1.1365 & 1.1350 as targets.

Comment: the RSI shows upside momentum.

USD/JPY Intraday: rebound.
Pivot: 112.55

Our preference: long @ 112.91 with targets @ 113.10 & 113.35 in extension.

Alternative scenario: below 112.55 look for further downside with 112.40 & 112.15 as targets.

Comment: the RSI shows upside momentum.

GBP/USD Intraday: the bias remains bullish.
Pivot: 1.2950

Our preference: long positions above 1.2950 with targets at 1.3050 & 1.3090 in extension.

Alternative scenario: below 1.2950 look for further downside with 1.2905 & 1.2855 as targets.

Comment: the RSI shows upside momentum.

EUR/GBP Intraday: consolidation.
Pivot: 0.8805

Our preference: short positions below 0.8805 with targets at 0.8755 & 0.8725 in extension.

Alternative scenario: above 0.8805 look for further upside with 0.8840 & 0.8870 as targets.

Comment: the RSI lacks upward momentum.

USD/ZAR intraday: rebound towards 14.6830
Our pivot point is at 14.3310.

Our preference: rebound towards 14.6830.

Alternative scenario: below 14.3310, expect 14.1980 and 14.1200.

Comment: the RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the pair stands above its 20 MA (14.4217) but below its 50 MA (14.5176).