Daily Fx Technical Analysis




Here are today's directional views from the global research desks of Currency Hedger!


These are starting points for your own research to identify opportunities that make sense for you. Like what you see?


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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:1.1120


Our preference:short positions below 1.1120 with targets at 1.1095 & 1.1080 in extension.


Alternative scenario:above 1.1120 look for further upside with 1.1135 & 1.1145 as targets.


Comment:as long as the resistance at 1.1120 is not surpassed, the risk of the break below 1.1095 remains high.






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USD/JPY Intraday: the bias remains bullish.


Pivot:109.35


Our preference:long positions above 109.35 with targets at 109.75 & 109.90 in extension.


Alternative scenario:below 109.35 look for further downside with 109.15 & 109.00 as targets.


Comment:the RSI shows upside momentum.






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GBP/USD Intraday: the bias remains bullish.


Pivot:1.3050


Our preference:long positions above 1.3050 with targets at 1.3105 & 1.3125 in extension.


Alternative scenario:below 1.3050 look for further downside with 1.3030 & 1.3010 as targets.


Comment:the RSI shows upside momentum.







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EUR/GBP intraday: the downside prevails as long as 0.8522 is resistance


Our pivot point stands at 0.8522.


Our preference:the downside prevails as long as 0.8522 is resistance.


Alternative scenario:above 0.8522, look for 0.8554 and 0.8573.


Comment:the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the pair stands below its 20 and 50 MAs (respectively at 0.8500 and 0.8501).






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USD/ZAR intraday: as long as 14.1530 is support look for 14.3780


Our pivot point is at 14.1530.


Our preference:as long as 14.1530 is support look for 14.3780.


Alternative scenario:the downside breakout of 14.1530 would call for 14.0680 and 14.0170.


Comment:the RSI is above 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the pair is trading under its 20 MA (14.2237) but above its 50 MA (14.1985).







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