Friday Afternoon 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:1.1115


Our preference: short positions below 1.1115 with targets at 1.1080 & 1.1065 in extension.


Alternative scenario: above 1.1115 look for further upside with 1.1130 & 1.1140 as targets.


Comment:the RSI shows downside momentum.






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USD/JPY Intraday: under pressure.


Pivot:108.80


Our preference: short positions below 108.80 with targets at 108.40 & 108.30 in extension.


Alternative scenario:above 108.80 look for further upside with 108.95 & 109.10 as targets.


Comment:the RSI shows downside momentum.






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GBP/USD Intraday: under pressure.


Pivot:1.3150


Our preference: short positions below 1.3150 with targets at 1.3110 & 1.3100 in extension.


Alternative scenario:above 1.3150 look for further upside with 1.3165 & 1.3190 as targets.


Comment:the RSI shows downside momentum.







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EUR/GBP intraday: target 0.8386


Our pivot point is at 0.8475.


Our preference:target 0.8386.


Alternative scenario:the upside breakout of 0.8475, would call for 0.8507 and 0.8526.


Comment:the RSI is below 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 (0.8446) but above its 50 MA (0.8442).






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USD/ZAR intraday: as long as 14.7170 is resistance look for 14.4730


Our pivot point is at 14.7170.


Our preference:as long as 14.7170 is resistance look for 14.4730.


Alternative scenario:the upside breakout of 14.7170, would call for 14.8050 and 14.8570.


Comment:the RSI is below its neutrality area at 50. The MACD is positive and above its signal line. The break above the 50 area on the RSI should trigger further gains. Moreover, the pair is trading under both its 20 and 50 MAs (respectively at 14.6392 and 14.6503).







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