Currency Zone

EUR/USD Intraday: intraday support around 1.1450.

Pivot: 1.1450

Our preference: long positions above 1.1450 with targets at 1.1490 & 1.1515 in extension.

Alternative scenario: below 1.1450 look for further downside with 1.1430 & 1.1400 as targets.

Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

 

 

USD/JPY Intraday: further advance.

Pivot: 112.30

Our preference: long positions above 112.30 with targets at 112.85 & 113.10 in extension.

Alternative scenario: below 112.30 look for further downside with 112.15 & 111.95 as targets.

Comment: the RSI shows upside momentum.

 

 

GBP/USD Intraday: limited upside.

Pivot: 1.2965

Our preference: long positions above 1.2965 with targets at 1.3005 & 1.3045 in extension.

Alternative scenario: below 1.2965 look for further downside with 1.2935 & 1.2900 as targets.

Comment: a support base at 1.2965 has formed and has allowed for a temporary stabilisation.

 

 

EUR/GBP Intraday: intraday support around 0.8825.

Pivot: 0.8825

Our preference: long positions above 0.8825 with targets at 0.8845 & 0.8855 in extension.

Alternative scenario: below 0.8825 look for further downside with 0.8810 & 0.8795 as targets.

Comment: a support base at 0.8825 has formed and has allowed for a temporary stabilisation.

 

 

USD/ZAR intraday: rebound towards 14.4070

Our pivot point stands at 14.1670.

Our preference: rebound towards 14.4070.

Alternative scenario: below 14.1670, expect 14.0750 and 14.0200.

Comment: the RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the pair is trading under both its 20 and 50 MAs (respectively at 14.2496 and 14.3182).