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: the bias remains bullish.


Pivot:1.1065


Our preference:long positions above 1.1065 with targets at 1.1090 & 1.1105 in extension.


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


Comment:the RSI shows upside momentum.

📷 USD/JPY Intraday: under pressure. Pivot:108.75 Our preference:short positions below 108.75 with targets at 108.50 & 108.35 in extension. Alternative scenario:above 108.75 look for further upside with 108.90 & 109.05 as targets. Comment:the RSI is mixed to bearish. 📷 GBP/USD Intraday: bullish bias above 1.2940. Pivot:1.2940 Our preference:long positions above 1.2940 with targets at 1.2970 & 1.2985 in extension. Alternative scenario:below 1.2940 look for further downside with 1.2920 & 1.2900 as targets. Comment:the RSI shows upside momentum. 📷 EUR/GBP intraday: target 0.8488 Our pivot point stands at 0.8575. Our preference:target 0.8488. Alternative scenario:above 0.8575, look for 0.8607 and 0.8627. Comment:the RSI is below its neutrality area at 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the pair is trading under its 20 MA (0.8548) but above its 50 MA (0.8545). 📷 USD/ZAR Intraday: continuation of the rebound. Pivot:14.7500 Our preference:long positions above 14.7500 with targets at 14.8700 & 14.8950 in extension. Alternative scenario:below 14.7500 look for further downside with 14.7100 & 14.6800 as targets. Comment:the break above 14.7500 is a positive signal that has opened a path to 14.8700. 📷

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