Daily Technical Strategies (FX)

Here are today's directional views from the global research desks of Trading Central! 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!

Daily Technical Strategies (FX) September 1, 2020

Here are today's directional views from the global research desks of Trading Central! 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   AUD/USD

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 1.1915.   Pivot: 1.1915   Our preference: long positions above 1.1915 with targets at 1.1965 & 1.1985 in extension.   Alternative scenario: below 1.1915 look for further downside with 1.1895 & 1.1880 as targets.   Comment: the RSI is mixed with a bullish bias.

USD/JPY Intraday: bullish bias above 105.70.   Pivot: 105.70   Our preference: long positions above 105.70 with targets at 106.10 & 106.50 in extension.   Alternative scenario: below 105.70 look for further downside with 105.45 & 105.15 as targets.   Comment: the RSI has just landed on its neutrality area at 50% and is turning up.

GBP/USD Intraday: expect 1.3430.   Pivot: 1.3335   Our preference: long positions above 1.3335 with targets at 1.3395 & 1.3430 in extension.   Alternative scenario: below 1.3335 look for further downside with 1.3300 & 1.3260 as targets.   Comment: the RSI is above its neutrality area at 50%.

AUD/USD Intraday: expect 0.7430.   Pivot: 0.7360   Our preference: long positions above 0.7360 with targets at 0.7405 & 0.7430 in extension.   Alternative scenario: below 0.7360 look for further downside with 0.7340 & 0.7315 as targets.   Comment: the RSI has just landed on its neutrality area at 50% and is turning up.

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