Todays 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: intraday support around 1.1065.


Pivot:1.1065


Our preference:long positions above 1.1065 with targets at 1.1090 & 1.1100 in extension.


Alternative scenario:below 1.1065 look for further downside with 1.1045 & 1.1030 as targets.


Comment:the RSI is mixed to bullish.





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USD/JPY Intraday: the upside prevails.


Pivot:108.70


Our preference:long positions above 108.70 with targets at 108.95 & 109.05 in extension.


Alternative scenario:below 108.70 look for further downside with 108.55 & 108.40 as targets.


Comment:the RSI lacks downward momentum.






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GBP/USD Intraday: the bias remains bullish.


Pivot:1.3080


Our preference:long positions above 1.3080 with targets at 1.3150 & 1.3175 in extension.


Alternative scenario:below 1.3080 look for further downside with 1.3055 & 1.3030 as targets.


Comment:the RSI shows upside momentum.






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EUR/GBP intraday: rebound towards 0.8511


0.8427 is our pivot point.


Our preference:rebound towards 0.8511.


Alternative scenario:the downside breakout of 0.8427 would call for 0.8396 and 0.8377.


Comment:the RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the pair stands below its 20 and 50 MAs (respectively at 0.8461 and 0.8490).







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USD/ZAR intraday: rebound towards 14.7640


Our pivot point stands at 14.5290.


Our preference:rebound towards 14.7640.


Alternative scenario:the downside breakout of 14.5290 would call for 14.4410 and 14.3890.


Comment:the RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the pair stands above its 20 MA (14.5964) but below its 50 MA (14.6086).





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