Daily Fx Technical Analysis



Please note that due to market volatility, some of the key levels may have already been reached and scenarios played out.


EUR/USD Intraday: intraday support around 1.1065.


Pivot:1.1065


Our preference:long positions above 1.1065 with targets at 1.1080 & 1.1090 in extension.


Alternative scenario:below 1.1065 look for further downside with 1.1055 & 1.1045 as targets.


Comment:the RSI lacks downward momentum.






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USD/JPY Intraday: under pressure.


Pivot:108.60


Our preference:short positions below 108.60 with targets at 108.35 & 108.20 in extension.


Alternative scenario:above 108.60 look for further upside with 108.70 & 108.85 as targets.


Comment:a break below 108.35 would trigger a drop towards 108.20.







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GBP/USD Intraday: key resistance at 1.2930.


Pivot:1.2930


Our preference:short positions below 1.2930 with targets at 1.2895 & 1.2870 in extension.


Alternative scenario:above 1.2930 look for further upside with 1.2945 & 1.2970 as targets.


Comment:as long as the resistance at 1.2930 is not surpassed, the risk of the break below 1.2895 remains high.








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EUR/GBP intraday: as long as 0.8552 is support look for 0.8638


Our pivot point is at 0.8552.


Our preference:as long as 0.8552 is support look for 0.8638. Alternative scenario:below 0.8552, expect 0.8520 and 0.8501.


Comment:the RSI is above 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the pair is above its 20 and 50 MAs (respectively at 0.8575 and 0.8566).







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USD/ZAR intraday: as long as 14.7050 is support look for 14.9380


Our pivot point is at 14.7050.


Our preference:as long as 14.7050 is support look for 14.9380.


Alternative scenario:below 14.7050, expect 14.6170 and 14.5640.


Comment:the RSI is above 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the pair is trading under its 20 MA (14.7785) but above its 50 MA (14.7700).






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