Weekly Forex Technical Analysis, July 31 – Aug 4, 2017

Andriy Moraru
Weekly Forex Technical Analysis

The US dollar has continues its downfall versus all major currencies during the previous week on dovish Federal Reserve rate hike projections and weak economic data.

We have a busy week ahead of us with the Eurozone inflation on Monday, RBA Interest Rate decision on Tuesday, ADP Employment report on Wednesday, BoE Rate Decision on Thursday and the crucial Non-Farm payrolls on Friday.

EUR/USD

Floor Pivot Points

3rd Sup

2nd Sup

1st Sup

Pivot

1st Res

2nd Res

3rd Res

1.1485 1.1549 1.1649 1.1713 1.1813 1.1877 1.1977
{alt}
EUR/USD Daily Chart – Pivot Points

Fibonacci Retracement Levels

0.0%

23.6%

38.2%

50.0%

61.8%

100.0%

1.1612 1.1651 1.1675 1.1694 1.1714 1.1777
{alt}
EUR/USD Daily Chart – Fibonacci

GBP/USD

Floor Pivot Points

3rd Sup

2nd Sup

1st Sup

Pivot

1st Res

2nd Res

3rd Res

1.2856 1.2921 1.3027 1.3093 1.3199 1.3264 1.3371
{alt}
GBP/USD Daily Chart – Pivot Points

Fibonacci Retracement Levels

0.0%

23.6%

38.2%

50.0%

61.8%

100.0%

1.2987 1.3027 1.3052 1.3072 1.3093 1.3158
{alt}
GBP/USD Daily Chart – Fibonacci

USD/JPY

Floor Pivot Points

3rd Sup

2nd Sup

1st Sup

Pivot

1st Res

2nd Res

3rd Res

108.41 109.47 110.06 111.13 111.71 112.78 113.36
{alt}
USD/JPY Daily Chart – Pivot Points

Fibonacci Retracement Levels

0.0%

23.6%

38.2%

50.0%

61.8%

100.0%

110.54 110.93 111.18 111.37 111.56 112.20
{alt}
USD/JPY Daily Chart – Fibonacci

EUR/JPY

Floor Pivot Points

3rd Sup

2nd Sup

1st Sup

Pivot

1st Res

2nd Res

3rd Res

127.33 128.10 129.07 129.84 130.80 131.57 132.54
{alt}
EUR/JPY Daily Chart – Pivot Points

Fibonacci Retracement Levels

0.0%

23.6%

38.2%

50.0%

61.8%

100.0%

128.87 129.28 129.53 129.74 129.94 130.60
{alt}
EUR/JPY Daily Chart – Fibonacci

GBP/JPY

Floor Pivot Points

3rd Sup

2nd Sup

1st Sup

Pivot

1st Res

2nd Res

3rd Res

141.48 142.75 144.02 145.28 146.55 147.81 149.08
{alt}
GBP/JPY Daily Chart – Pivot Points

Fibonacci Retracement Levels

0.0%

23.6%

38.2%

50.0%

61.8%

100.0%

144.01 144.61 144.98 145.28 145.58 146.55
{alt}
GBP/JPY Daily Chart – Fibonacci

This post was originally published by EarnForex

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