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Weekly Forex Technical Analysis, Aug 14 – Aug 18, 2017

By:

Andriy Moraru

Published: Aug 13, 2017, 08:22 GMT+00:00

The US Dollar closed the previous week lower on weaker than expected inflation data and the increasing tension between the US and North Korea. Traders

The US Dollar closed the previous week lower on weaker than expected inflation data and the increasing tension between the US and North Korea. Traders will closely watch the media clash between Donald Trump and Kim Jong Un as geopolitical fears significantly affect financial markets.

In the week ahead, investors will also pay attention to fundamentals with the UK inflation on Tuesday, US retail sales on Tuesday, FOMC minutes on Wednesday and UK retail sales on Thursday.

EUR/USD

Floor Pivot Points

3rd Sup	2nd Sup	1st Sup	Pivot	1st Res	2nd Res	3rd Res
1.1564	1.1626	1.1723	1.1785	1.1881	1.1943	1.2039

EUR/USD Daily Chart – Pivot Points

Fibonacci Retracement Levels

0.0%	23.6%	38.2%	50.0%	61.8%	100.0%
1.1689	1.1726	1.1749	1.1768	1.1786	1.1847

EU/USD Daily Chart – Fibonacci

GBP/USD

Floor Pivot Points

3rd Sup	2nd Sup	1st Sup	Pivot	1st Res	2nd Res	3rd Res
1.2825	1.2882	1.2944	1.3001	1.3064	1.3121	1.3183

GBP/USD Daily Chart – Pivot Points

Fibonacci Retracement Levels

0.0%	23.6%	38.2%	50.0%	61.8%	100.0%
1.2939	1.2967	1.2985	1.2999	1.3013	1.3058

GBP/USD Daily Chart – Fibonacci

USD/JPY

Floor Pivot Points

3rd Sup	2nd Sup	1st Sup	Pivot	1st Res	2nd Res	3rd Res
106.09	107.41	108.29	109.60	110.48	111.79	112.67

USD/JPY Daily Chart – Pivot Points

Fibonacci Retracement Levels

0.0%	23.6%	38.2%	50.0%	61.8%	100.0%
108.72	109.24	109.56	109.82	110.08	110.92

USD/JPY Daily Chart – Fibonacci

EUR/JPY

Floor Pivot Points

3rd Sup	2nd Sup	1st Sup	Pivot	1st Res	2nd Res	3rd Res
124.97	126.51	127.79	129.33	130.61	132.15	133.43

EUR/JPY Daily Chart – Pivot Points

Fibonacci Retracement Levels

0.0%	23.6%	38.2%	50.0%	61.8%	100.0%
128.05	128.71	129.12	129.46	129.79	130.87

EUR/JPY Daily Chart – Fibonacci

GBP/JPY

Floor Pivot Points

3rd Sup	2nd Sup	1st Sup	Pivot	1st Res	2nd Res	3rd Res
137.13	139.18	140.59	142.65	144.05	146.11	147.52

GBP/JPY Daily Chart – Pivot Points

Fibonacci Retracement Levels

0.0%	23.6%	38.2%	50.0%	61.8%	100.0%
141.24	142.06	142.56	142.97	143.38	144.70

GBP/JPY Daily Chart – Fibonacci

This post was originally published by EarnForex

About the Author

Andriy Morarucontributor

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