Please note that due to market volatility, some of the key levels may have already been reached and scenarios played out.
EUR/USD Intraday: key resistance at 1.1025.
Our preference:short positions below 1.1025 with targets at 1.1000 & 1.0985 in extension.
Alternative scenario:above 1.1025 look for further upside with 1.1035 & 1.1045 as targets. Comment:as long as the resistance at 1.1025 is not surpassed, the risk of the break below 1.1000 remains high.
USD/JPY Intraday: the bias remains bullish.
Our preference:long positions above 108.95 with targets at 109.20 & 109.35 in extension.
Alternative scenario:below 108.95 look for further downside with 108.85 & 108.75 as targets.
Comment:the RSI shows upside momentum.
GBP/USD Intraday: under pressure.
Our preference:short positions below 1.2870 with targets at 1.2835 & 1.2820 in extension.
Alternative scenario:above 1.2870 look for further upside with 1.2890 & 1.2910 as targets.
Comment:the RSI shows downside momentum.
EUR/GBP intraday: target 0.8508
Our pivot point is at 0.8592.
Our preference:target 0.8508.
Alternative scenario:the upside breakout of 0.8592, would call for 0.8625 and 0.8644.
Comment:the RSI is below its neutrality area at 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the pair is below its 20 MA (0.8570) but above its 50 MA (0.8564).
USD/ZAR intraday: the upside prevails as long as 14.7370 is support
Our pivot point is at 14.7370.
Our preference:the upside prevails as long as 14.7370 is support.
Alternative scenario:the downside breakout of 14.7370 would call for 14.6480 and 14.5950.
Comment:the RSI is above 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 14.8024 and 14.7993).