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FxGrow Daily Technical Analysis – 03rd Oct, 2017

Oct 3 2017, 03:52 AM (CDT) | FxGrow.com

FxGrow Daily Technical Analysis – 03rd Oct, 2017
By FxGrow Research & Analysis Team

FxGrow's Forex Daily Technical Overview - Part 1

EUR/USD Intraday: the downside prevails.


Pivot: 1.1740

Our preference: short positions below 1.1740 with targets at 1.1680 & 1.1645 in extension.

Alternative scenario: above 1.1740 look for further upside with 1.1770 & 1.1800 as targets.

Comment: the RSI has broken down its 30 level.

Supports and resistances:
1.1800
1.1770
1.1740
1.1707 Last
1.1680
1.1645
1.1615


GBP/USD Intraday: the downside prevails.


Pivot: 1.3315

Our preference: short positions below 1.3315 with targets at 1.3205 & 1.3165 in extension.

Alternative scenario: above 1.3315 look for further upside with 1.3355 & 1.3400 as targets.

Comment: the RSI is capped by a bearish trend line.

Supports and resistances:
1.3400
1.3355
1.3315
1.3252 Last
1.3205
1.3165
1.3125

USD/JPY Intraday: the bias remains bullish.


Pivot: 112.75

Our preference: long positions above 112.75 with targets at 113.25 & 113.50 in extension.

Alternative scenario: below 112.75 look for further downside with 112.50 & 112.20 as targets.

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

Supports and resistances:
113.75
113.50
113.25
113.00 Last
112.75
112.50
112.20

For more in depth Research & Analysis please visit FxGrow.

Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.

FxGrow.com

FxGrow is an international online brokerage firm under the brand name of Growell Capital, catering the needs and interests of investors. It’s authorized and regulated by the Cyprus Securities and Exchange Commission ("CySEC") as a CIF limited company with a license number 214/13. FxGrow operates under the EU Markets in Financial Instruments Directive (MiFID)
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