Daily Insights Report 27/07/2017

Pivot: 1.1675

Our preference: long positions above 1.1675 with targets at 1.1750 & 1.1770 in extension.

Alternative scenario: below 1.1675 look for further downside with 1.1650 & 1.1620 as targets.

Comment: technically the RSI is above its neutrality area at 50.

USD/JPY Intraday: watch 111.00.

Pivot: 111.70

Our preference: short positions below 111.70 with targets at 111.00 & 110.60 in extension.

Alternative scenario: above 111.70 look for further upside with 111.95 & 112.20 as targets.

Comment: a break below 111.00 would trigger a drop towards 110.60.

Pivot: 1.3060

Our preference: long positions above 1.3060 with targets at 1.3145 & 1.3165 in extension.

Alternative scenario: below 1.3060 look for further downside with 1.3030 & 1.3005 as targets.

Comment: the RSI advocates for further upside.

Pivot: 0.9545

Our preference: short positions below 0.9545 with targets at 0.9490 & 0.9455 in extension.

Alternative scenario: above 0.9545 look for further upside with 0.9570 & 0.9595 as targets.

Comment: a break below 0.9490 would trigger a drop towards 0.9455.

Pivot: 1.2500

Our preference: short positions below 1.2500 with targets at 1.2410 & 1.2380 in extension.

Alternative scenario: above 1.2500 look for further upside with 1.2530 & 1.2570 as targets.

Comment: even though a continuation of the technical rebound cannot be ruled out, its extent should be limited.

Pivot: 0.7930

Our preference: long positions above 0.7930 with targets at 0.8015 & 0.8040 in extension.

Alternative scenario: below 0.7930 look for further downside with 0.7905 & 0.7875 as targets.

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

Pivot: 0.7450

Our preference: long positions above 0.7450 with targets at 0.7535 & 0.7560 in extension.

Alternative scenario: below 0.7450 look for further downside with 0.7410 & 0.7390 as targets.

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