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Weekly Forex Technical Analysis, Nov 6 – Nov 10, 2017
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The US dollar closed the previous week almost unchanged after central banks policy meetings dominated the markets last week. The British pound dropped as
The US dollar closed the previous week almost unchanged after central banks policy meetings dominated the markets last week. The British pound dropped as the BoE increased its interest rates but projected “very gradual” further increases over the next three years.
In the week ahead, investors will closely watch:
- RBA Rate Decision on Tuesday at 3:30 GMT
- China CPI on Thursday at 1:30 GMT
- RBA Statement on Monetary Policy on Friday at 00:30 GMT
- UK Trade Balance o Friday at 9:30 GMT
EUR/USD
Floor Pivot Points
| 3rd Sup | 2nd Sup | 1st Sup | Pivot | 1st Res | 2nd Res | 3rd Res |
| 1.1472 | 1.1533 | 1.1570 | 1.1630 | 1.1667 | 1.1727 | 1.1764 |
Fibonacci Retracement Levels
| 0.0% | 23.6% | 38.2% | 50.0% | 61.8% | 100.0% |
| 1.1593 | 1.1616 | 1.1630 | 1.1642 | 1.1653 | 1.1691 |
GBP/USD
Floor Pivot Points
| 3rd Sup | 2nd Sup | 1st Sup | Pivot | 1st Res | 2nd Res | 3rd Res |
| 1.2687 | 1.2863 | 1.2969 | 1.3145 | 1.3250 | 1.3426 | 1.3531 |
Fibonacci Retracement Levels
| 0.0% | 23.6% | 38.2% | 50.0% | 61.8% | 100.0% |
| 1.3039 | 1.3106 | 1.3147 | 1.3180 | 1.3213 | 1.3321 |
USD/JPY
Floor Pivot Points
| 3rd Sup | 2nd Sup | 1st Sup | Pivot | 1st Res | 2nd Res | 3rd Res |
| 111.72 | 112.34 | 113.19 | 113.81 | 114.66 | 115.28 | 116.13 |
Fibonacci Retracement Levels
| 0.0% | 23.6% | 38.2% | 50.0% | 61.8% | 100.0% |
| 112.96 | 113.30 | 113.52 | 113.69 | 113.86 | 114.43 |
EUR/JPY
Floor Pivot Points
| 3rd Sup | 2nd Sup | 1st Sup | Pivot | 1st Res | 2nd Res | 3rd Res |
| 129.81 | 130.63 | 131.51 | 132.33 | 133.20 | 134.02 | 134.90 |
Fibonacci Retracement Levels
| 0.0% | 23.6% | 38.2% | 50.0% | 61.8% | 100.0% |
| 131.45 | 131.85 | 132.10 | 132.30 | 132.50 | 133.15 |
GBP/JPY
Floor Pivot Points
| 3rd Sup | 2nd Sup | 1st Sup | Pivot | 1st Res | 2nd Res | 3rd Res |
| 144.60 | 146.63 | 147.87 | 149.90 | 151.14 | 153.17 | 154.41 |
Fibonacci Retracement Levels
| 0.0% | 23.6% | 38.2% | 50.0% | 61.8% | 100.0% |
| 148.66 | 149.43 | 149.91 | 150.30 | 150.68 | 151.93 |
This post was originally published by EarnForex
About the Author
Andriy Morarucontributor
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