Yen Capitulation Sends GBPJPY to 17-Year Peak – 212.60 Next? 
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FxWirePro- Major Pair levels and bias summary 
FxWirePro: USD/ZAR extends losses ,eyes 16.400 level 
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FxWirePro- Major European Indices 
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FxWirePro- Major Pair levels and bias summary 
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FxWirePro: GBP/NZD bulls loosen their grip a bit, dips to be bought 
FxWirePro- Major US Indices 
NZDJPY Bulls Charge Ahead: Buying the Dips Above 90 for a Shot at 92 
- USD/ZAR is currently trading around 13.48 levels.
- It made intraday high at 13.65 and low at 13.47 levels.
- Intraday bias remains slightly bearish till the time pair holds key resistance at 13.62 mark.
- A daily close above 13.56 will take the parity higher towards key resistances around 13.68, 13.77, 13.85, 13.96, 14.16, 14.29, 14.50, 14.75, 14.96, 15.05, 15.28, 15.45, 15.66, 15.77, 15.86 (February 29, 2016 high) and 16.15 marks respectively.
- Alternatively, a daily close below 13.56 will drag the parity down towards key supports at 13.40, 13.32, 13.19, 13.01, 12.82 and 12.58 levels respectively.
- Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart. Current upside movement is short term trend correction only.
We prefer to take short position in USD/ZAR around 13.52, stop loss at 13.62 and taget of 13.40/13.32.
