Today's 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:the bias remains bullish.


Pivot:1.0805


Our preference:long positions above 1.0805 with targets at 1.0860 & 1.0880 in extension.


Alternative scenario:below 1.0805 look for further downside with 1.0780 & 1.0760 as targets.


Comment:the RSI shows upside momentum.




USD/JPY Intraday:the downside prevails.


Pivot:107.60


Our preference:short positions below 107.60 with targets at 107.00 & 106.75 in extension.


Alternative scenario:above 107.60 look for further upside with 107.75 & 107.85 as targets.


Comment:the RSI shows downside momentum.



GBP/USD Intraday:the bias remains bullish.


Pivot:1.2360


Our preference:long positions above 1.2360 with targets at 1.2470 & 1.2515 in extension.


Alternative scenario:below 1.2360 look for further downside with 1.2340 & 1.2320 as targets.


Comment:the RSI shows upside momentum.




EUR/GBP intraday:the downside prevails as long as 0.8779 is resistance


0.8779 is our pivot point.


Our preference:the downside prevails as long as 0.8779 is resistance.


Alternative scenario:the upside breakout of 0.8779, would call for 0.8837 and 0.8871.


Comment:the RSI is below its neutrality area at 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 0.8745 and 0.8741).




USD/ZAR intraday:the downside prevails as long as 19.1250 is resistance


Our pivot point stands at 19.1250.


Our preference:the downside prevails as long as 19.1250 is resistance.


Alternative scenario:the upside breakout of 19.1250, would call for 19.3270 and 19.4470.


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 19.0021 and 19.0017).

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