Currency Zone

EUR/USD Intraday: the downside prevails.

Pivot: 1.1485

Our preference: short positions below 1.1485 with targets at 1.1445 & 1.1425 in extension.

Alternative scenario: above 1.1485 look for further upside with 1.1505 & 1.1530 as targets.

Comment: the RSI is mixed to bearish.

 

 

USD/JPY Intraday: continuation of the rebound.

Pivot: 112.10

Our preference: long positions above 112.10 with targets at 112.60 & 112.75 in extension.

Alternative scenario: below 112.10 look for further downside with 111.95 & 111.70 as targets.

Comment: the RSI shows upside momentum.

 

 

GBP/USD Intraday: under pressure.

Pivot: 1.3065

Our preference: short positions below 1.3065 with targets at 1.3000 & 1.2960 in extension.

Alternative scenario: above 1.3065 look for further upside with 1.3100 & 1.3130 as targets.

Comment: the RSI shows downside momentum.

 

 

EUR/GBP Intraday: the bias remains bullish.

Pivot: 0.8785

Our preference: long @ 0.8798 with targets @ 0.8810 & 0.8825 in extension.

Alternative scenario: below 0.8785 look for further downside with 0.8770 & 0.8755 as targets.

Comment: the RSI shows upside momentum.

 

 

USD/ZAR intraday: as long as 14.3360 is support look for 14.6460

Our pivot point is at 14.3360.

Our preference: as long as 14.3360 is support look for 14.6460.

Alternative scenario: below 14.3360, expect 14.2170 and 14.1470.

Comment: the RSI is above 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the pair is trading under its 20 MA (14.4482) but above its 50 MA (14.3500).