Today's 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? 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:1.0975

Our preference:short positions below 1.0975 with targets at 1.0930 & 1.0915 in extension.

Alternative scenario:above 1.0975 look for further upside with 1.0995 & 1.1010 as targets.

Comment:the RSI shows downside momentum.




USD/JPY Intraday:under pressure.


Pivot:107.65

Our preference:short positions below 107.65 with targets at 107.35 & 107.20 in extension.

Alternative scenario:above 107.65 look for further upside with 107.75 & 107.90 as targets.

Comment:a break below 107.35 would trigger a drop towards 107.20.



GBP/USD Intraday:under pressure.


Pivot:1.2345

Our preference:short positions below 1.2345 with targets at 1.2300 & 1.2260 in extension.

Alternative scenario:above 1.2345 look for further upside with 1.2365 & 1.2385 as targets.

Comment:the RSI shows downside momentum.



EUR/GBP intraday:the downside prevails as long as 0.8924 is resistance


Our pivot point stands at 0.8924.

Our preference:the downside prevails as long as 0.8924 is resistance.

Alternative scenario:the upside breakout of 0.8924, would call for 0.8954 and 0.8971.

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 is trading under both its 20 and 50 MAs (respectively at 0.8902 and 0.8905).



USD/ZAR intraday:rebound towards 17.6370


Our pivot point stands at 17.2560.

Our preference:rebound towards 17.6370.

Alternative scenario:below 17.2560, expect 17.1150 and 17.0310.

Comment:the RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the pair stands below its 20 and 50 MAs (respectively at 17.3874 and 17.4145).


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