Midday Fx Technical Analysis







EUR/USD Intraday: key resistance at 1.1095.


Pivot:1.1095


Our preference:short positions below 1.1095 with targets at 1.1070 & 1.1055 in extension.


Alternative scenario:above 1.1095 look for further upside with 1.1105 & 1.1115 as targets.


Comment:as long as the resistance at 1.1095 is not surpassed, the risk of the break below 1.1070 remains high.





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USD/JPY Intraday: under pressure.


Pivot:108.85


Our preference:short positions below 108.85 with targets at 108.50 & 108.40 in extension.


Alternative scenario:above 108.85 look for further upside with 109.00 & 109.20 as targets.


Comment:the RSI shows downside momentum.





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GBP/USD Intraday: intraday support around 1.3105.


Pivot:1.3105


Our preference:long positions above 1.3105 with targets at 1.3160 & 1.3185 in extension.


Alternative scenario:below 1.3105 look for further downside with 1.3085 & 1.3070 as targets.


Comment:the RSI is mixed to bullish.






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EUR/GBP intraday: eye 0.8370


Our pivot point stands at 0.8456.


Our preference:eye 0.8370.


Alternative scenario:the upside breakout of 0.8456, would call for 0.8487 and 0.8506.


Comment:the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the pair is below its 20 MA (0.8438) but above its 50 MA (0.8429).






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USD/ZAR intraday: the downside prevails as long as 14.8570 is resistance


14.8570 is our pivot point.


Our preference:the downside prevails as long as 14.8570 is resistance.


Alternative scenario:the upside breakout of 14.8570, would call for 14.9450 and 14.9980.


Comment:the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the pair is trading under both its 20 and 50 MAs (respectively at 14.7909 and 14.7984).







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