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Weekly Forex Technical Analysis, Aug 21 – Aug 25, 2017
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The US Dollar closed the previous week slightly higher on increased demand for high risk assets as well as hawkish comments by New York Fed President
The US Dollar closed the previous week slightly higher on increased demand for high risk assets as well as hawkish comments by New York Fed President William Dudley who said in an interview that he favored another interest rate hike this year.
In the week ahead, investors will closely watch the Jackson Hole summit which is set to take place from Thursday to Saturday, Eurozone PMI on Wednesday, UK GDP on Thursday and Japan inflation data on Thursday.
Check out our real-time Economic Calendar
EUR/USD
Floor Pivot Points
| 3rd Sup | 2nd Sup | 1st Sup | Pivot | 1st Res | 2nd Res | 3rd Res |
| 1.1491 | 1.1576 | 1.1667 | 1.1753 | 1.1843 | 1.1929 | 1.2019 |
Fibonacci Retracement Levels
| 0.0% | 23.6% | 38.2% | 50.0% | 61.8% | 100.0% |
| 1.1662 | 1.1703 | 1.1729 | 1.1750 | 1.1771 | 1.1838 |
GBP/USD
Floor Pivot Points
| 3rd Sup | 2nd Sup | 1st Sup | Pivot | 1st Res | 2nd Res | 3rd Res |
| 1.2600 | 1.2716 | 1.2790 | 1.2906 | 1.2980 | 1.3096 | 1.3170 |
Fibonacci Retracement Levels
| 0.0% | 23.6% | 38.2% | 50.0% | 61.8% | 100.0% |
| 1.2831 | 1.2876 | 1.2904 | 1.2926 | 1.2949 | 1.3021 |
USD/JPY
Floor Pivot Points
| 3rd Sup | 2nd Sup | 1st Sup | Pivot | 1st Res | 2nd Res | 3rd Res |
| 105.84 | 107.22 | 108.18 | 109.56 | 110.53 | 111.91 | 112.87 |
Fibonacci Retracement Levels
| 0.0% | 23.6% | 38.2% | 50.0% | 61.8% | 100.0% |
| 108.60 | 109.15 | 109.50 | 109.77 | 110.05 | 110.95 |
EUR/JPY
Floor Pivot Points
| 3rd Sup | 2nd Sup | 1st Sup | Pivot | 1st Res | 2nd Res | 3rd Res |
| 124.34 | 125.95 | 127.18 | 128.78 | 130.01 | 131.62 | 132.85 |
Fibonacci Retracement Levels
| 0.0% | 23.6% | 38.2% | 50.0% | 61.8% | 100.0% |
| 127.56 | 128.22 | 128.64 | 128.97 | 129.31 | 130.39 |
GBP/JPY
Floor Pivot Points
| 3rd Sup | 2nd Sup | 1st Sup | Pivot | 1st Res | 2nd Res | 3rd Res |
| 135.67 | 137.72 | 139.08 | 141.13 | 142.48 | 144.53 | 145.89 |
Fibonacci Retracement Levels
| 0.0% | 23.6% | 38.2% | 50.0% | 61.8% | 100.0% |
| 139.77 | 140.58 | 141.07 | 141.48 | 141.88 | 143.18 |
This post was originally published by EarnForex
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Andriy Morarucontributor
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