Daily Fx Technical Analysis




Here are today's directional views from the global research desks of Currency Hedger Ireland! These are starting points for your own research to identify opportunities that make sense for you. Like what you see? Feel free to forward this to a friend!






EUR/USD USD/JPY GBP/USD EUR/GBP USD/ZAR



Please note that due to market volatility, some of the key levels may have already been reached and scenarios played out.



EUR/USD Intraday: under pressure.


Pivot:1.1130


Our preference:short positions below 1.1130 with targets at 1.1100 & 1.1085 in extension.


Alternative scenario:above 1.1130 look for further upside with 1.1145 & 1.1165 as targets.


Comment:as long as the resistance at 1.1130 is not surpassed, the risk of the break below 1.1100 remains high.






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USD/JPY Intraday: the upside prevails.


Pivot:108.95


Our preference:long positions above 108.95 with targets at 109.45 & 109.60 in extension.


Alternative scenario:below 108.95 look for further downside with 108.80 & 108.60 as targets.


Comment:the RSI is bullish and calls for further upside.






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GBP/USD Intraday: key resistance at 1.3130.


Pivot:1.3130


Our preference:short positions below 1.3130 with targets at 1.3100 & 1.3080 in extension.


Alternative scenario:above 1.3130 look for further upside with 1.3150 & 1.3165 as targets.


Comment:as long as 1.3130 is resistance, likely decline to 1.3100.







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EUR/GBP intraday: rebound towards 0.8537


Our pivot point is at 0.8453.


Our preference:rebound towards 0.8537.


Alternative scenario:below 0.8453, expect 0.8421 and 0.8402.


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 0.8480 and 0.8482).






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USD/ZAR intraday: rebound towards 14.3270


Our pivot point stands at 14.0990.


Our preference:rebound towards 14.3270.


Alternative scenario:below 14.0990, expect 14.0140 and 13.9630.


Comment:the RSI is below its neutrality area at 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 14.1680 and 14.2121).






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