Currency Zone

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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: under pressure.

Pivot: 112.85

Our preference: short positions below 112.85 with targets at 112.35 & 112.20 in extension.

Alternative scenario: above 112.85 look for further upside with 113.10 & 113.30 as targets.

Comment: the RSI shows downside momentum.

 

 

GBP/USD Intraday: the downside prevails.

Pivot: 1.3015

Our preference: short @ 1.2961 with targets @ 1.2940 & 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: supported by a rising trend line.

Pivot: 0.8825

Our preference: long positions above 0.8825 with targets at 0.8855 & 0.8875 in extension.

Alternative scenario: below 0.8825 look for further downside with 0.8805 & 0.8790 as targets.

Comment: the RSI shows upside momentum.

 

 

USD/ZAR intraday: the upside prevails as long as 14.2730 is support

Our pivot point is at 14.2730.

Our preference: the upside prevails as long as 14.2730 is support.

Alternative scenario: below 14.2730, expect 14.1660 and 14.1030.

Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the pair is above its 20 and 50 MAs (respectively at 14.3392 and 14.3278).