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: under pressure.


Pivot:1.1020


Our preference:short positions below 1.1020 with targets at 1.1000 & 1.0990 in extension.


Alternative scenario:above 1.1020 look for further upside with 1.1040 & 1.1055 as targets.


Comment:as long as the resistance at 1.1020 is not surpassed, the risk of the break below 1.1000 remains high.






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USD/JPY Intraday: key resistance at 109.10.


Pivot:109.10


Our preference:short positions below 109.10 with targets at 108.85 & 108.75 in extension.


Alternative scenario:above 109.10 look for further upside with 109.30 & 109.45 as targets.


Comment:the upward potential is likely to be limited by the resistance at 109.10.







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GBP/USD Intraday: consolidation.


Pivot:1.2860


Our preference:short positions below 1.2860 with targets at 1.2835 & 1.2820 in extension.


Alternative scenario:above 1.2860 look for further upside with 1.2875 & 1.2895 as targets. Comment:the RSI lacks upward momentum.





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EUR/GBP intraday: rebound towards 0.8632


Our pivot point stands at 0.8542.


Our preference:rebound towards 0.8632.


Alternative scenario:the downside breakout of 0.8542 would call for 0.8509 and 0.8490.


Comment:the RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the pair stands below its 20 and 50 MAs (respectively at 0.8570 and 0.8575).







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USD/ZAR intraday: as long as 14.8250 is support look for 15.0590


Our pivot point is at 14.8250.


Our preference:as long as 14.8250 is support look for 15.0590.


Alternative scenario:the downside breakout of 14.8250 would call for 14.7360 and 14.6830.


Comment:the RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the pair is above its 20 and 50 MAs (respectively at 14.8735 and 14.8381).





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