Daily 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: the bias remains bullish.

Pivot:1.1110

Our preference:long positions above 1.1110 with targets at 1.1140 & 1.1155 in extension.

Alternative scenario:below 1.1110 look for further downside with 1.1100 & 1.1085 as targets.

Comment:the RSI is mixed to bullish.


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USD/JPY Intraday: further advance.

Pivot:109.40

Our preference:long positions above 109.40 with targets at 109.85 & 110.00 in extension.

Alternative scenario:below 109.40 look for further downside with 109.25 & 109.10 as targets.

Comment:the RSI is bullish and calls for further advance.



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GBP/USD Intraday: under pressure.

Pivot:1.3050

Our preference:short positions below 1.3050 with targets at 1.3015 & 1.2995 in extension.

Alternative scenario:above 1.3050 look for further upside with 1.3065 & 1.3090 as targets.

Comment:as long as the resistance at 1.3050 is not surpassed, the risk of the break below 1.3015 remains high.



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EUR/GBP intraday: the upside prevails as long as 0.8515 is support

Our pivot point stands at 0.8515.

Our preference:the upside prevails as long as 0.8515 is support.

Alternative scenario:below 0.8515, expect 0.8483 and 0.8464.

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 trading above both its 20 and 50 MAs (respectively at 0.8532 and 0.8514).



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USD/ZAR intraday: as long as 14.2490 is support look for 14.4730

Our pivot point stands at 14.2490.

Our preference:as long as 14.2490 is support look for 14.4730.

Alternative scenario:below 14.2490, expect 14.1630 and 14.1120.

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 below its 20 MA (14.3349) but above its 50 MA (14.2901).



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