Currency Zone

EUR/USD Intraday: key resistance at 1.1370.
Pivot: 1.1370

Our preference: short @ 1.1348 with targets @ 1.1330 & 1.1300 in extension.

Alternative scenario: above 1.1370 look for further upside with 1.1390 & 1.1420 as targets.

Comment: the RSI shows downside momentum.

USD/JPY Intraday: supported by a rising trend line.
Pivot: 113.75

Our preference: long @ 113.90 with targets @ 114.10 & 114.40 in extension.

Alternative scenario: below 113.75 look for further downside with 113.50 & 113.20 as targets.

Comment: the RSI is mixed to bullish.

GBP/USD Intraday: under pressure.
Pivot: 1.3080

Our preference: short positions below 1.3080 with targets at 1.3010 & 1.2980 in extension.

Alternative scenario: above 1.3080 look for further upside with 1.3115 & 1.3150 as targets.

Comment: the RSI shows downside momentum.

EUR/GBP Intraday: under pressure.
Pivot: 0.8710

Our preference: short positions below 0.8710 with targets at 0.8690 & 0.8670 in extension.

Alternative scenario: above 0.8710 look for further upside with 0.8725 & 0.8740 as targets.

Comment: the RSI is mixed to bearish.

USD/ZAR intraday: as long as 14.0450 is support look for 14.3830
14.0450 is our pivot point.

Our preference: as long as 14.0450 is support look for 14.3830.

Alternative scenario: below 14.0450, expect 13.9190 and 13.8430.

Comment: the RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the pair is trading above both its 20 and 50 MAs (respectively at 14.1395 and 14.0709).