Weekly Forex Technical Analysis, Dec 11 – Dec 15, 2017
The US Dollar strengthened during the previous week on US tax reform and Friday’s non-farm payrolls data showed the economy created more jobs than expected in November.
In the week ahead, investors will closely watch:
UK CPI on Tuesday at 9:30 GMT
German ZEW Index on Tuesday at 10:00 GMT
US CPI on Wednesday at 13:30 GMT
FOMC Rate Decision at 19:00 GMT
BoE Decision on Thursday at 12:00 GMT
ECB Rate Decision on Thursday at 12:45
EUR/USD
Floor Pivot Points
3rd Sup | 2nd Sup | 1st Sup | Pivot | 1st Res | 2nd Res | 3rd Res |
1.1561 | 1.1646 | 1.1709 | 1.1794 | 1.1858 | 1.1942 | 1.2006 |
Fibonacci Retracement Levels
0.0% | 23.6% | 38.2% | 50.0% | 61.8% | 100.0% |
1.1730 | 1.1765 | 1.1787 | 1.1804 | 1.1822 | 1.1879 |
GBP/USD
Floor Pivot Points
3rd Sup | 2nd Sup | 1st Sup | Pivot | 1st Res | 2nd Res | 3rd Res |
1.3077 | 1.3198 | 1.3295 | 1.3417 | 1.3514 | 1.3635 | 1.3732 |
Fibonacci Retracement Levels
0.0% | 23.6% | 38.2% | 50.0% | 61.8% | 100.0% |
1.3320 | 1.3371 | 1.3403 | 1.3429 | 1.3455 | 1.3538 |
USD/JPY
Floor Pivot Points
3rd Sup | 2nd Sup | 1st Sup | Pivot | 1st Res | 2nd Res | 3rd Res |
110.85 | 111.42 | 112.45 | 113.02 | 114.04 | 114.62 | 115.64 |
Fibonacci Retracement Levels
0.0% | 23.6% | 38.2% | 50.0% | 61.8% | 100.0% |
111.99 | 112.37 | 112.60 | 112.79 | 112.98 | 113.59 |
EUR/JPY
Floor Pivot Points
3rd Sup | 2nd Sup | 1st Sup | Pivot | 1st Res | 2nd Res | 3rd Res |
130.65 | 131.42 | 132.51 | 133.28 | 134.36 | 135.14 | 136.22 |
Fibonacci Retracement Levels
0.0% | 23.6% | 38.2% | 50.0% | 61.8% | 100.0% |
132.19 | 132.63 | 132.90 | 133.12 | 133.34 | 134.05 |
GBP/JPY
Floor Pivot Points
3rd Sup | 2nd Sup | 1st Sup | Pivot | 1st Res | 2nd Res | 3rd Res |
146.37 | 148.07 | 150.02 | 151.71 | 153.67 | 155.36 | 157.32 |
Fibonacci Retracement Levels
0.0% | 23.6% | 38.2% | 50.0% | 61.8% | 100.0% |
149.76 | 150.62 | 151.15 | 151.58 | 152.01 | 153.41 |
This post was originally published by EarnForex
This article was originally posted on FX Empire
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