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Weekly Forex Technical Analysis, Sep 25 – Sep 29, 2017

By
Andriy Moraru
Published: Sep 24, 2017, 08:14 GMT+00:00

The US Dollar gained slightly during the previous as hawkish Fed boosted investors' expectations for a thrids rate hike this year. The British pound

Weekly Forex Technical Analysis

The US Dollar gained slightly during the previous as hawkish Fed boosted investors’ expectations for a thrids rate hike this year. The British pound settled lower on Friday after Moody’s said it downgraded the United Kingdom’s long-term issuer rating to AA2 from AA1 and changed the outlook to stable from negative.

In the week ahead, investors will closely watch:

  • German Election Results
  • BoJ Meeting Minutes on Wednesday at 00:50 GMT.
  • German CPI on Thursday at 13:00 GMT
  • US GDP on Thursday at 13:30 GMT
  • UK GDP on Friday at 9:30 GMT
  • Eurozone Inflation on Friday at 10:00 GMT

EUR/USD

Floor Pivot Points

3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
1.1689 1.1775 1.1861 1.1947 1.2033 1.2119 1.2205
EUR/USD Daily Chart – Pivot Points

Fibonacci Retracement Levels

0.0% 23.6% 38.2% 50.0% 61.8% 100.0%
1.1861 1.1902 1.1927 1.1947 1.1967 1.2033
EUR/USD Daily Chart – Fibonacci

GBP/USD

Floor Pivot Points

3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
1.3203 1.3327 1.3409 1.3533 1.3615 1.3739 1.3821
GBP/USD Daily Chart – Pivot Points

Fibonacci Retracement Levels

0.0% 23.6% 38.2% 50.0% 61.8% 100.0%
1.3450 1.3499 1.3529 1.3553 1.3577 1.3656
GBP/USD Daily Chart – Fibonacci

USD/JPY

Floor Pivot Points

3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
109.34 110.17 111.07 111.89 112.79 113.61 114.51
USD/JPY Daily Chart – Pivot Points

Fibonacci Retracement Levels

0.0% 23.6% 38.2% 50.0% 61.8% 100.0%
110.99 111.40 111.65 111.86 112.06 112.72
USD/JPY Daily Chart – Fibonacci

EUR/JPY

Floor Pivot Points

3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
130.65 131.53 132.65 133.53 134.65 135.53 136.65
EUR/JPY Daily Chart – Pivot Points

Fibonacci Retracement Levels

0.0% 23.6% 38.2% 50.0% 61.8% 100.0%
132.41 132.88 133.17 133.41 133.64 134.41
EUR/JPY Daily Chart – Fibonacci

GBP/JPY

Floor Pivot Points

3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
147.12 148.62 149.84 151.35 152.57 154.07 155.29
GBP/JPY Daily Chart – Pivot Points

Fibonacci Retracement Levels

0.0% 23.6% 38.2% 50.0% 61.8% 100.0%
150.13 150.77 151.17 151.49 151.81 152.85
GBP/JPY Daily Chart – Fibonacci

This post was originally published by EarnForex

About the Author

Andriy Morarucontributor

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