Weekly Forex Technical Analysis, Oct 16 – Oct 20, 2017
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 |
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 |
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 |
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 |
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 |
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 |
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 |
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 |
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 |
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 |
This post was originally published by EarnForex
This article was originally posted on FX Empire