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Weekly Forex Technical Analysis, Dec 11 – Dec 15, 2017

By:
Andriy Moraru
Published: Dec 10, 2017, 10:37 UTC

The US Dollar strengthened during the previous week on US tax reform and Friday's non-farm payrolls data showed the economy created more jobs than

forex

The US Dollar strengthened during the previous week on US tax reform and Friday’s non-farm payrolls data showed the economy created more jobs than expected in November.

In the week ahead, investors will closely watch:

  • UK CPI on Tuesday at 9:30 GMT
  • German ZEW Index on Tuesday at 10:00 GMT
  • US CPI on Wednesday at 13:30 GMT
  • FOMC Rate Decision at 19:00 GMT
  • BoE Decision on Thursday at 12:00 GMT
  • ECB Rate Decision on Thursday at 12:45

EUR/USD

Floor Pivot Points

3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
1.1561 1.1646 1.1709 1.1794 1.1858 1.1942 1.2006
EUR/USD Daily Chart
EUR/USD Daily Chart

Fibonacci Retracement Levels

0.0% 23.6% 38.2% 50.0% 61.8% 100.0%
1.1730 1.1765 1.1787 1.1804 1.1822 1.1879
EUR/USD Daily - Fibonacci
EUR/USD Daily – Fibonacci

GBP/USD

Floor Pivot Points

3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
1.3077 1.3198 1.3295 1.3417 1.3514 1.3635 1.3732
GBP/USD Daily Chart - Pivot Points
GBP/USD Daily Chart – Pivot Points

Fibonacci Retracement Levels

0.0% 23.6% 38.2% 50.0% 61.8% 100.0%
1.3320 1.3371 1.3403 1.3429 1.3455 1.3538
GBP/USD Daily Chart - Fibonacci
GBP/USD Daily Chart – Fibonacci

USD/JPY

Floor Pivot Points

3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
110.85 111.42 112.45 113.02 114.04 114.62 115.64
USD/JPY Daily Chart - Pivot Points
USD/JPY Daily Chart – Pivot Points

Fibonacci Retracement Levels

0.0% 23.6% 38.2% 50.0% 61.8% 100.0%
111.99 112.37 112.60 112.79 112.98 113.59
USD/JPY Daily Chart - Fibonacci
USD/JPY Daily Chart – Fibonacci

EUR/JPY

Floor Pivot Points

3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
130.65 131.42 132.51 133.28 134.36 135.14 136.22
EUR/JPY Daily Chart - Pivot Points
EUR/JPY Daily Chart – Pivot Points

Fibonacci Retracement Levels

0.0% 23.6% 38.2% 50.0% 61.8% 100.0%
132.19 132.63 132.90 133.12 133.34 134.05
USD/JPY Daily Chart - Fibonacci
USD/JPY Daily Chart – Fibonacci

GBP/JPY

Floor Pivot Points

3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
146.37 148.07 150.02 151.71 153.67 155.36 157.32
GBP/JPY Daily Chart - Pivot Points
GBP/JPY Daily Chart – Pivot Points

Fibonacci Retracement Levels

0.0% 23.6% 38.2% 50.0% 61.8% 100.0%
149.76 150.62 151.15 151.58 152.01 153.41
GBP/JPY Daily Chart - Fibonacci
GBP/JPY Daily Chart – Fibonacci

This post was originally published by EarnForex

About the Author

Andriy Morarucontributor

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