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FxWirePro: GBP/USD recovers from early dip but upside is limited 
FxWirePro- Major European Indices 
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FxWirePro- Major Crypto levels and bias summary 
- USD/ZAR is currently trading around 11.68 levels.
- It made intraday high at 11.70 and low at 11.65 levels.
- Intraday bias remains neutral till the time pair holds key support at 11.55 mark.
- A daily close above 11.65 will take the parity higher towards key resistances around 11.82, 11.96, 12.02, 12.20, 12.32, 12.45, 12.61, 12.77 and 12.90 marks respectively.
- Alternatively, a daily close below 11.55 will drag the parity down towards key supports at 11.24, 11.08, 10.90 and 10.60 levels respectively.
- Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart.
Positioning is inconclusive at this point, with prices offering no clear cut signal to initiate a long or short trade. We will continue to remain on sidelines for the time being.
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