Currency Zone

EUR/USD Intraday: aim @ 1.1240.

Pivot: 1.1190

Our preference: long positions above 1.1190 with targets at 1.1215 & 1.1240 in extension.

Alternative scenario: below 1.1190 look for further downside with 1.1175 & 1.1160 as targets.

Comment: the RSI is bullish and calls for further upside.

USD/JPY Intraday: target 110.30.

Pivot: 110.80

Our preference: short positions below 110.80 with targets at 110.55 & 110.30 in extension.

Alternative scenario: above 110.80 look for further upside with 110.95 & 111.10 as targets.

Comment: a break below 110.55 would trigger a drop towards 110.30.

GBP/USD Intraday: the upside prevails.

Pivot: 1.3085

Our preference: long positions above 1.3085 with targets at 1.3150 & 1.3175 in extension.

Alternative scenario: below 1.3085 look for further downside with 1.3045 & 1.3015 as targets.

Comment: the RSI calls for a rebound.

EUR/GBP intraday: the downside prevails as long as 0.8569 is resistance

0.8569 is our pivot point.

Our preference: the downside prevails as long as 0.8569 is resistance.

Alternative scenario: the upside breakout of 0.8569, would call for 0.8602 and 0.8621.

Comment: the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the pair is trading under both its 20 and 50 MAs (respectively at 0.8548 and 0.8544).

USD/ZAR intraday: the downside prevails as long as 14.5110 is resistance

14.5110 is our pivot point.

Our preference: the downside prevails as long as 14.5110 is resistance.

Alternative scenario: the upside breakout of 14.5110, would call for 14.5980 and 14.6490.

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 14.4559 and 14.4736).