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EUR/USD Intraday: the bias remains bullish.


Pivot: 1.1735

Our preference: long positions above 1.1735 with targets at 1.1800 & 1.1830 in extension.

Alternative scenario: below 1.1735 look for further downside with 1.1710 & 1.1685 as targets.

Comment: the RSI shows upside momentum.



  

USD/JPY Intraday: the bias remains bullish.


Pivot: 112.45

Our preference: long positions above 112.45 with targets at 113.00 & 113.15 in extension.

Alternative scenario: below 112.45 look for further downside with 112.30 & 112.05 as targets.

Comment: the RSI shows upside momentum.



  

GBP/USD Intraday: the bias remains bullish.


Pivot: 1.3225

Our preference: long positions above 1.3225 with targets at 1.3300 & 1.3340 in extension.

Alternative scenario: below 1.3225 look for further downside with 1.3195 & 1.3155 as targets.

Comment: the RSI is mixed to bullish.



  

EUR/GBP Intraday: consolidation.


Pivot: 0.8885

Our preference: short positions below 0.8885 with targets at 0.8865 & 0.8855 in extension.

Alternative scenario: above 0.8885 look for further upside with 0.8895 & 0.8910 as targets.

Comment: the RSI lacks upward momentum.



  

USD/ZAR intraday: rebound towards 14.5130


14.2330 is our pivot point.

Our preference: rebound towards 14.5130.

Alternative scenario: the downside breakout of 14.2330 would call for 14.1250 and 14.0610.

Comment: the RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the pair stands above its 20 MA (14.3032) but below its 50 MA (14.4149).