Daily 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.


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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:1.0810 Our preference:short positions below 1.0810 with targets at 1.0785 & 1.0770 in extension.


Alternative scenario:above 1.0810 look for further upside with 1.0825 & 1.0840 as targets.


Comment:the RSI is mixed to bearish.





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USD/JPY Intraday: the bias remains bullish.


Pivot:109.90


Our preference:long positions above 109.90 with targets at 110.15 & 110.30 in extension.


Alternative scenario:below 109.90 look for further downside with 109.80 & 109.65 as targets.


Comment:the RSI shows upside momentum.





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GBP/USD Intraday: under pressure.


Pivot:1.3015 Our preference:short positions below 1.3015 with targets at 1.2970 & 1.2950 in extension.


Alternative scenario:above 1.3015 look for further upside with 1.3035 & 1.3050 as targets.


Comment:the RSI shows downside momentum.




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EUR/GBP intraday: rebound towards 0.8350


Our pivot point is at 0.8287.


Our preference:rebound towards 0.8350.


Alternative scenario:the downside breakout of 0.8287 would call for 0.8263 and 0.8249.


Comment:the RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the pair stands above its 20 MA (0.8305) but below its 50 MA (0.8312).




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USD/ZAR intraday: the downside prevails as long as 15.0360 is resistance


Our pivot point stands at 15.0360.


Our preference:the downside prevails as long as 15.0360 is resistance.


Alternative scenario:the upside breakout of 15.0360, would call for 15.1060 and 15.1470.


Comment:the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the pair stands below its 20 and 50 MAs (respectively at 15.0050 and 15.0225).




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