Currency Zone

EUR/USD Intraday: the bias remains bullish.

Pivot: 1.1485

Our preference: long positions above 1.1485 with targets at 1.1530 & 1.1545 in extension.

Alternative scenario: below 1.1485 look for further downside with 1.1455 & 1.1435 as targets.

Comment: technically the RSI is above its neutrality area at 50.

 

 

USD/JPY Intraday: further upside.

Pivot: 112.35

Our preference: long @ 112.58 with targets @ 112.75 & 113.00 in extension.

Alternative scenario: below 112.35 look for further downside with 112.20 & 112.05 as targets.

Comment: the RSI shows upside momentum.

 

 

GBP/USD Intraday: the bias remains bullish.

Pivot: 1.3045

Our preference: long positions above 1.3045 with targets at 1.3100 & 1.3130 in extension.

Alternative scenario: below 1.3045 look for further downside with 1.3015 & 1.2985 as targets.

Comment: the RSI advocates for further upside.

 

 

EUR/GBP Intraday: the bias remains bullish.

Pivot: 0.8795

Our preference: long positions above 0.8795 with targets at 0.8820 & 0.8835 in extension.

Alternative scenario: below 0.8795 look for further downside with 0.8785 & 0.8775 as targets.

Comment: the RSI is mixed to bullish.

 

 

USD/ZAR intraday: the downside prevails as long as 14.4620 is resistance

14.4620 is our pivot point.

Our preference: the downside prevails as long as 14.4620 is resistance.

Alternative scenario: above 14.4620, look for 14.5700 and 14.6350.

Comment: the RSI is below its neutrality area at 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 14.4066 and 14.3977).