Fx Daily Technical Strategies



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: the bias remains bullish.


Pivot:1.0880


Our preference:long positions above 1.0880 with targets at 1.0920 & 1.0940 in extension.


Alternative scenario:below 1.0880 look for further downside with 1.0860 & 1.0845 as targets.


Comment:the RSI shows upside momentum.





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USD/JPY Intraday: under pressure.


Pivot:110.45


Our preference:short positions below 110.45 with targets at 109.85 & 109.60 in extension.


Alternative scenario:above 110.45 look for further upside with 110.65 & 110.85 as targets.


Comment:the RSI shows downside momentum.






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GBP/USD Intraday: the upside prevails.


Pivot:1.2905


Our preference:long positions above 1.2905 with targets at 1.2935 & 1.2950 in extension.


Alternative scenario:below 1.2905 look for further downside with 1.2890 & 1.2870 as targets.


Comment:the RSI shows upside momentum.






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EUR/GBP intraday: as long as 0.8417 is support look for 0.8484


Our pivot point stands at 0.8417.


Our preference:as long as 0.8417 is support look for 0.8484.


Alternative scenario:below 0.8417, expect 0.8393 and 0.8379.


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 above its 20 and 50 MAs (respectively at 0.8437 and 0.8414).






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USD/ZAR intraday: as long as 15.2330 is support look for 15.4300


Our pivot point stands at 15.2330.


Our preference:as long as 15.2330 is support look for 15.4300.


Alternative scenario:below 15.2330, expect 15.1620 and 15.1190.


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 above both its 20 and 50 MAs (respectively at 15.2875 and 15.2443).






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