Daily Fx Technical Strategies




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? 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: key resistance at 1.0840.


Pivot:1.0840


Our preference:short positions below 1.0840 with targets at 1.0820 & 1.0810 in extension.


Alternative scenario:above 1.0840 look for further upside with 1.0850 & 1.0860 as targets.


Comment:the upward potential is likely to be limited by the resistance at 1.0840.





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USD/JPY Intraday: under pressure.


Pivot:109.85


Our preference:short positions below 109.85 with targets at 109.60 & 109.50 in extension.


Alternative scenario:above 109.85 look for further upside with 109.95 & 110.10 as targets.


Comment:the RSI is mixed to bearish.






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GBP/USD Intraday: the downside prevails.


Pivot:1.3020


Our preference:short positions below 1.3020 with targets at 1.2990 & 1.2970 in extension.


Alternative scenario:above 1.3020 look for further upside with 1.3050 & 1.3070 as targets.


Comment:the RSI is mixed to bearish.





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EUR/GBP intraday: as long as 0.8311 is support look for 0.8370


Our pivot point stands at 0.8311.


Our preference:as long as 0.8311 is support look for 0.8370.


Alternative scenario:the downside breakout of 0.8311 would call for 0.8289 and 0.8276.


Comment:the RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the pair is trading under its 20 MA (0.8331) but above its 50 MA (0.8324).





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USD/ZAR intraday: the upside prevails as long as 14.9490 is support


Our pivot point stands at 14.9490.


Our preference:the upside prevails as long as 14.9490 is support.


Alternative scenario:the downside breakout of 14.9490 would call for 14.8770 and 14.8330.


Comment:the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the pair is trading above both its 20 and 50 MAs (respectively at 14.9890 and 14.9501).





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