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FxGrow's Forex Daily Technical Overview - Part 1

Sep 25 2017, 06:29 AM (CDT) | FxGrow.com

FxGrow Daily Technical Analysis – 25th September, 2017
By FxGrow Research & Analysis Team

FxGrow's Forex Daily Technical Overview - Part 1

EUR/USD Intraday: the downside prevails.


Pivot: 1.1960

Our preference: short positions below 1.1960 with targets at 1.1890 & 1.1860 in extension.

Alternative scenario: above 1.1960 look for further upside with 1.1985 & 1.2005 as targets.

Comment: the RSI shows downside momentum.

Supports and resistances:
1.2005
1.1985
1.1960
1.1920 Last
1.1890
1.1860
1.1835


GBP/USD Intraday: rebound.


Pivot: 1.3490

Our preference: long positions above 1.3490 with targets at 1.3590 & 1.3620 in extension.

Alternative scenario: below 1.3490 look for further downside with 1.3450 & 1.3405 as targets.

Comment: the RSI shows upside momentum.

Supports and resistances:
1.3660
1.3620
1.3590
1.3543 Last
1.3490
1.3450
1.3405

USD/JPY Intraday: the bias remains bullish.


Pivot: 111.95

Our preference: long positions above 111.95 with targets at 112.60 & 113.00 in extension.

Alternative scenario: below 111.95 look for further downside with 111.65 & 111.20 as targets.

Comment: the RSI is mixed to bullish.

Supports and resistances:
113.30
113.00
112.60
112.30 Last
111.95
111.65
111.20

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)