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Sterling's Shine Fades: GBPJPY Sell-on-Rally Setup Targets 210.40 Breakdown 
- USD/ZAR is currently trading around 14.69 levels.
- It made intraday high at 14.69 and low at 14.66 levels.
- Intraday bias remains neutral for the moment.
- A daily close above 14.78 will take the parity higher towards key resistances around 14.94, 15.02, 15.22, 15.40, 15.70, 15.92 and 16.10 marks respectively.
- Alternatively, a daily close below 14.67 will drag the parity down towards key supports at 14.40, 14.22, 14.15 and 13.83 levels respectively.
- Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart.
- South Africa will release PPI data around 0930 GMT.
We prefer to take short position on USD/ZAR around 14.70, stop loss at 14.83 and target of 14.40.
