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: further advance.


Pivot:1.1010 Our preference:long positions above 1.1010 with targets at 1.1035 & 1.1045 in extension.


Alternative scenario:below 1.1010 look for further downside with 1.1000 & 1.0990 as targets.


Comment:the break above 1.1010 is a positive signal that has opened a path to 1.1035.






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USD/JPY Intraday: bullish bias above 108.45.


Pivot:108.45


Our preference:long positions above 108.45 with targets at 108.70 & 108.85 in extension.


Alternative scenario:below 108.45 look for further downside with 108.25 & 108.10 as targets.


Comment:the break above 108.45 is a positive signal that has opened a path to 108.70.







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GBP/USD Intraday: bullish bias above 1.2865.


Pivot:1.2865


Our preference:long positions above 1.2865 with targets at 1.2895 & 1.2910 in extension.


Alternative scenario:below 1.2865 look for further downside with 1.2845 & 1.2825 as targets.


Comment:the break above 1.2865 is a positive signal that has opened a path to 1.2895.







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EUR/GBP intraday: technical rebound towards 0.8585 before a new drop


Our pivot point stands at 0.8585.


Our preference:technical rebound towards 0.8585 before a new drop.


Alternative scenario:the upside breakout of 0.8585, would call for 0.8617 and 0.8637.


Comment:the RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the pair is trading above its 20 MA (0.8558) but under its 50 MA (0.8560).








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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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