Currency Zone

EUR/USD Intraday: the bias remains bullish.

Pivot: 1.1265

Our preference: long positions above 1.1265 with targets at 1.1305 & 1.1320 in extension.

Alternative scenario: below 1.1265 look for further downside with 1.1245 & 1.1220 as targets.

Comment: the RSI shows upside momentum.

USD/JPY Intraday: key resistance at 111.45.

Pivot: 111.45

Our preference: short positions below 111.45 with targets at 111.10 & 110.85 in extension.

Alternative scenario: above 111.45 look for further upside with 111.65 & 111.80 as targets.

Comment: as long as the resistance at 111.45 is not surpassed, the risk of the break below 111.10 remains high.

GBP/USD Intraday: under pressure.

Pivot: 1.3150

Our preference: short positions below 1.3150 with targets at 1.3045 & 1.3000 in extension.

Alternative scenario: above 1.3150 look for further upside with 1.3200 & 1.3245 as targets.

Comment: a break below 1.3045 would trigger a drop towards 1.3000.

EUR/GBP intraday: as long as 0.8593 is support look for 0.8681

Our pivot point stands at 0.8593.

Our preference: as long as 0.8593 is support look for 0.8681.

Alternative scenario: below 0.8593, expect 0.8561 and 0.8542.

Comment: the RSI is above 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the pair is below its 20 MA (0.8631) but above its 50 MA (0.8600).

USD/ZAR intraday: the upside prevails as long as 14.3140 is support

Our pivot point is at 14.3140.

Our preference: the upside prevails as long as 14.3140 is support.

Alternative scenario: the downside breakout of 14.3140 would call for 14.2280 and 14.1760.

Comment: the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the pair is above its 20 and 50 MAs (respectively at 14.3661 and 14.3252).