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Weekly Forex Technical Analysis, Oct 16 – Oct 20, 2017

By: 
Andriy Moraru
Published: Oct 15, 2017, 08:04 GMT+00:00

The US Dollar closed the previous weak lower on a weaker than expected consumer inflation report on Friday and the released minutes of the Fed on

Weekly Forex Technical Analysis

The US Dollar closed the previous weak lower on a weaker than expected consumer inflation report on Friday and the released minutes of the Fed on Wednesday.

Currently, investors had priced in a roughly 83 percent probability of a rate increase in December.

In the week ahead, investors will closely watch:

  • China CPI on Monday at 2:30 GMT
  • RBA Minutes on Tuesday at 1:30 GMT
  • UK CPI on Tuesday at 9:30 GMT
  • Eurozone CPI on Tuesday at 10:00 GMT
  • China Q3 GDP on Thursday at 3:00 GMT

EUR/USD

Floor Pivot Points

3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
1.1573 1.1646 1.1733 1.1806 1.1893 1.1966 1.2053
EUR/USD Daily Chart – Pivot Points

Fibonacci Retracement Levels

0.0% 23.6% 38.2% 50.0% 61.8% 100.0%
1.1720 1.1757 1.1781 1.1800 1.1819 1.1880
EUR/USD Daily Chart – Fibonacci

GBP/USD

Floor Pivot Points

3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
1.2859 1.2967 1.3122 1.3230 1.3385 1.3493 1.3648
GBP/USD Daily Chart – Pivot Points

Fibonacci Retracement Levels

0.0% 23.6% 38.2% 50.0% 61.8% 100.0%
1.3075 1.3137 1.3175 1.3206 1.3237 1.3338
GBP/USD Daily Chart – Fibonacci

USD/JPY

Floor Pivot Points

3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
110.24 110.96 111.38 112.10 112.52 113.25 113.66
USD/JPY Daily Chart – Pivot Points

Fibonacci Retracement Levels

0.0% 23.6% 38.2% 50.0% 61.8% 100.0%
111.69 111.96 112.12 112.26 112.39 112.83
USD/JPY Daily Chart – Fibonacci

EUR/JPY

Floor Pivot Points

3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
129.90 130.88 131.53 132.51 133.16 134.14 134.79
EUR/JPY Daily Chart – Pivot Points

Fibonacci Retracement Levels

0.0% 23.6% 38.2% 50.0% 61.8% 100.0%
131.86 132.25 132.49 132.68 132.87 133.49
EUR/JPY Daily Chart – Fibonacci

GBP/JPY

Floor Pivot Points

3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
144.74 145.84 147.07 148.17 149.40 150.50 151.73
GBP/JPY Daily Chart – Pivot Points

Fibonacci Retracement Levels

0.0% 23.6% 38.2% 50.0% 61.8% 100.0%
146.93 147.48 147.82 148.10 148.37 149.26
GBP/JPY Daily Chart – Fibonacci

This post was originally published by EarnForex

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Andriy Morarucontributor

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