Todays Fx Technical Strategies




Here are today's directional views from the global research desks of Currency Hedger Global! 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: under pressure.


Pivot:1.0960


Our preference:short positions below 1.0960 with targets at 1.0865 & 1.0830 in extension.


Alternative scenario:above 1.0960 look for further upside with 1.0980 & 1.1015 as targets.


Comment:as long as the resistance at 1.0960 is not surpassed, the risk of the break below 1.0865 remains high.





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USD/JPY Intraday: the upside prevails.


Pivot:108.45


Our preference:long positions above 108.45 with targets at 109.80 & 110.45 in extension.


Alternative scenario:below 108.45 look for further downside with 107.90 & 107.50 as targets.


Comment:the RSI is mixed to bullish.






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GBP/USD Intraday: the downside prevails.


Pivot:1.1660


Our preference:short positions below 1.1660 with targets at 1.1440 & 1.1310 in extension.


Alternative scenario:above 1.1660 look for further upside with 1.1750 & 1.1875 as targets.


Comment:the RSI is mixed to bearish.





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EUR/GBP intraday: as long as 0.9446 is support look for 0.9552


0.9446 is our pivot point.


Our preference:as long as 0.9446 is support look for 0.9552.


Alternative scenario:the downside breakout of 0.9446 would call for 0.9405 and 0.9380.


Comment:the RSI is above 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the pair is above its 20 and 50 MAs (respectively at 0.9438 and 0.9296).





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USD/ZAR intraday: the upside prevails as long as 17.3130 is support


Our pivot point is at 17.3130.


Our preference:the upside prevails as long as 17.3130 is support.


Alternative scenario:below 17.3130, expect 17.1830 and 17.1060.


Comment:the RSI is above 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 17.2261 and 17.0375).




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