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: bullish bias above 1.1055.


Pivot:1.1055


Our preference:long positions above 1.1055 with targets at 1.1200 & 1.1250 in extension.


Alternative scenario:below 1.1055 look for further downside with 1.1025 & 1.0990 as targets.


Comment:the RSI shows upside momentum.


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USD/JPY Intraday: under pressure.


Pivot:107.60


Our preference:short positions below 107.60 with targets at 105.70 & 104.85 in extension.


Alternative scenario:above 107.60 look for further upside with 108.00 & 108.50 as targets.


Comment:the RSI shows downside momentum.




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GBP/USD Intraday: key resistance at 1.2425.


Pivot:1.2425


Our preference:short positions below 1.2425 with targets at 1.2255 & 1.2165 in extension.


Alternative scenario:above 1.2425 look for further upside with 1.2520 & 1.2620 as targets.


Comment:as long as the resistance at 1.2425 is not surpassed, the risk of the break below 1.2255 remains high.





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EUR/GBP intraday: as long as 0.8976 is support look for 0.9080


Our pivot point stands at 0.8976.


Our preference:as long as 0.8976 is support look for 0.9080.


Alternative scenario:below 0.8976, expect 0.8939 and 0.8917.


Comment:the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the pair is trading under its 20 MA (0.9018) but above its 50 MA (0.8960).





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USD/ZAR intraday: the upside prevails as long as 16.2120 is support


16.2120 is our pivot point.


Our preference:the upside prevails as long as 16.2120 is support.


Alternative scenario:the downside breakout of 16.2120 would call for 16.1050 and 16.0410.


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 above its 20 and 50 MAs (respectively at 16.2896 and 16.2649).





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