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Daily Technical Market Overview

21 July 2017 02:42 PM BDT
 Daily Technical Market Overview

FxGrow Daily Technical Analysis – 21st July, 2017 By FxGrow Research & Analysis Team Daily Technical Market Overview EUR/USD Intraday: the bias remains bullish. Pivot: 1.1585 Our preference: long positions above 1.1585 with targets at 1.1660 & 1.1685 in extension. Alternative scenario: below 1.1585 look for further downside with 1.1535 & 1.1495 as targets. Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited. GBP/USD Intraday: under pressure. Pivot: 1.3000 Our preference: short positions below 1.3000 with targets at 1.2930 & 1.2900 in extension. Alternative scenario: above 1.3000 look for further upside with 1.3030 & 1.3055 as targets. Comment: as long as 1.3000 is resistance, look for choppy price action with a bearish bias. USD/JPY Intraday: key resistance at 112.10. ... 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.

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