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Weekly Forex Technical Analysis, Aug 21 – Aug 25, 2017

By:

Andriy Moraru

Published: Aug 20, 2017, 09:01 GMT+00:00

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

EUR/USD Daily Chart – Pivot Points

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

EUR/USD Daily Chart – Fibonacci

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

GBP/USD Daily Chart – Pivot Points

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

GBP/USD Daily Chart – Fibonacci

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

USD/JPY Daily Chart – Pivot Points

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

USD/JPY Daily Chart – Fibonacci

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

EUR/JPY Daily Chart – Pivot Points

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

EUR/JPY Daily Chart – Fibonacci

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

GBP/JPY Daily Chart – Pivot Points

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

GBP/JPY Daily Chart – Fibonacci

This post was originally published by EarnForex

About the Author

Andriy Morarucontributor

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