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FxGrow Daily Technical Analysis – 04th Oct, 2017

Oct 4 2017, 04:16 PM (+06) | FxGrow.com

FxGrow Daily Technical Analysis – 04th Oct, 2017
By FxGrow Research & Analysis Team

FxGrow's Forex Daily Technical Overview - Part 1

EUR/USD Intraday: the upside prevails.


Pivot: 1.1735

Our preference: long positions above 1.1735 with targets at 1.1780 & 1.1800 in extension.

Alternative scenario: below 1.1735 look for further downside with 1.1715 & 1.1695 as targets.

Comment: the RSI lacks downward momentum.

Supports and resistances:
1.1825
1.1800
1.1780
1.1760 Last
1.1735
1.1715
1.1695

GBP/USD Intraday: under pressure.


Pivot: 1.3290

Our preference: short positions below 1.3290 with targets at 1.3230 & 1.3205 in extension.

Alternative scenario: above 1.3290 look for further upside with 1.3355 & 1.3400 as targets.

Comment: the upward potential is likely to be limited by the resistance at 1.3290.

Supports and resistances:
1.3400
1.3355
1.3290
1.3257 Last
1.3230
1.3205
1.3165

USD/JPY Intraday: the downside prevails.


Pivot: 112.95

Our preference: short positions below 112.95 with targets at 112.30 & 112.05 in extension.

Alternative scenario: above 112.95 look for further upside with 113.20 & 113.50 as targets.

Comment: the RSI shows downside momentum.

Supports and resistances:
113.50
113.20
112.95
112.60 Last
112.30
112.05
111.80


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)