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Weekly Forex Technical Analysis, July 24 – July 28, 2017

By:
Andriy Moraru
Updated: Jul 23, 2017, 07:23 UTC

The US Dollar has continued its downfall versus all major currencies as US rate hike expectations significantly decreased while other central banks imply

Weekly Forex Technical Analysis

The US Dollar has continued its downfall versus all major currencies as US rate hike expectations significantly decreased while other central banks imply for economic growth and towards tightening monetary policy.

We have a busy week in front of us with the BoJ minutes, Australia CPI, UK GDP, FOMC rate decision, Japan CPI US GDP and more economic events.

EUR/USD

Floor Pivot Points

3rd Sup

2nd Sup

1st Sup

Pivot

1st Res

2nd Res

3rd Res

1.1256 1.1345 1.1504 1.1593 1.1752 1.1841 1.2000
EUR/USD Daily Chart - Pivot Points
EUR/USD Daily Chart – Pivot Points

Fibonacci Retracement Levels

0.0%

23.6%

38.2%

50.0%

61.8%

100.0%

1.1435 1.1493 1.1529 1.1559 1.1588 1.1683
EUR/USD Daily Chart - Fibonacci
EUR/USD Daily Chart – Fibonacci

GBP/USD

Floor Pivot Points

3rd Sup

2nd Sup

1st Sup

Pivot

1st Res

2nd Res

3rd Res

1.2716 1.2824 1.2909 1.3017 1.3101 1.3210 1.3294
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%

1.2932 1.2978 1.3006 1.3029 1.3051 1.3125
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

108.61 109.81 110.47 111.66 112.32 113.52 114.18
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%

111.01 111.45 111.72 111.94 112.15 112.86
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

126.68 127.63 128.61 129.55 130.53 131.48 132.46
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%

128.57 129.03 129.31 129.54 129.76 130.50
EUR/JPY Daily Chart - Fibonacci
EUR/JPY Daily Chart – Fibonacci

GBP/JPY

Floor Pivot Points

3rd Sup

2nd Sup

1st Sup

Pivot

1st Res

2nd Res

3rd Res

139.50 141.77 143.06 145.33 146.61 148.88 150.16
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%

144.04 144.88 145.40 145.82 146.24 147.60
GBP/JPY Daily Chart - Fibonacci
GBP/JPY Daily Chart – Fibonacci

This post was originally published by EarnForex

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Andriy Morarucontributor

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