Todays 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.

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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: bullish bias above 1.1065.


Pivot:1.1065


Our preference:long positions above 1.1065 with targets at 1.1090 & 1.1105 in extension.


Alternative scenario:below 1.1065 look for further downside with 1.1055 & 1.1040 as targets.


Comment:a support base at 1.1065 has formed and has allowed for a temporary stabilisation.







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USD/JPY Intraday: continuation of the rebound.


Pivot:108.90


Our preference:long positions above 108.90 with targets at 109.30 & 109.50 in extension.


Alternative scenario:below 108.90 look for further downside with 108.75 & 108.60 as targets.


Comment:the RSI shows upside momentum.







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GBP/USD Intraday: the upside prevails.


Pivot:1.2925


Our preference:long positions above 1.2925 with targets at 1.2950 & 1.2965 in extension.


Alternative scenario:below 1.2925 look for further downside with 1.2910 & 1.2895 as targets.


Comment:the RSI shows upside momentum.







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EUR/GBP intraday: as long as 0.8533 is support look for 0.8620


Our pivot point stands at 0.8533. Our preference:as long as 0.8533 is support look for 0.8620.


Alternative scenario:the downside breakout of 0.8533 would call for 0.8501 and 0.8482.


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 below its 20 MA (0.8561) but above its 50 MA (0.8547).







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USD/ZAR intraday: rebound towards 14.6990


Our pivot point is at 14.4620.


Our preference:rebound towards 14.6990.


Alternative scenario:below 14.4620, expect 14.3750 and 14.3230.


Comment:the RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the pair stands below its 20 and 50 MAs (respectively at 14.5499 and 14.6091).






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