Currency Zone

 

EUR/USD Intraday: the downside prevails.

Pivot: 1.1485

Our preference: short positions below 1.1485 with targets at 1.1430 & 1.1395 in extension.

Alternative scenario: above 1.1485 look for further upside with 1.1520 & 1.1550 as targets.

Comment: the RSI shows downside momentum.

 

 

USD/JPY Intraday: consolidation.

Pivot: 112.65

Our preference: short positions below 112.65 with targets at 112.10 & 111.95 in extension.

Alternative scenario: above 112.65 look for further upside with 112.85 & 113.10 as targets.

Comment: the RSI shows downside momentum.

 

 

GBP/USD Intraday: key resistance at 1.3015.

Pivot: 1.3015

Our preference: short positions below 1.3015 with targets at 1.2935 & 1.2895 in extension.

Alternative scenario: above 1.3015 look for further upside with 1.3050 & 1.3090 as targets.

Comment: the RSI is mixed to bearish.

 

 

EUR/GBP Intraday: under pressure.

Pivot: 0.8855

Our preference: short positions below 0.8855 with targets at 0.8805 & 0.8790 in extension.

Alternative scenario: above 0.8855 look for further upside with 0.8875 & 0.8900 as targets.

Comment: the RSI shows downside momentum.

 

 

USD/ZAR intraday: as long as 14.2770 is support look for 14.5700

Our pivot point stands at 14.2770.

Our preference: as long as 14.2770 is support look for 14.5700.

Alternative scenario: the downside breakout of 14.2770 would call for 14.1700 and 14.1060.

Comment: the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the pair is above its 20 and 50 MAs (respectively at 14.3691 and 14.3369).