Weekly Forex Technical Analysis, Oct 23 – Oct 27, 2017

The US Dollar closed the previous week slightly higher on Fed members’ comments and hawkish sentiment.

Currently, investors had priced in a roughly 91.7 percent probability of a rate increase in December.

In the week ahead, investors will closely watch:

• UK Q3 Growth Domestic Product on Wednesday at 9:30 GMT

• Bank of Canada Rate Decision on Wednesday at 15:00 GMT

• ECB Interest Rate Decision on Thursday at 12:45 GMT

• Japan CPI on Friday at 00:30 GMT

• US Q3 Growth Domestic Product on Friday at 13:30 GMT

EUR/USD

Floor Pivot Points

3rd Sup	2nd Sup	1st Sup	Pivot	1st Res	2nd Res	3rd Res
1.1594	1.1662	1.1721	1.1790	1.1849	1.1918	1.1977

EUR/USD Daily Chart – Pivot Points

Fibonacci Retracement Levels

0.0%	23.6%	38.2%	50.0%	61.8%	100.0%
1.1730	1.1760	1.1779	1.1794	1.1809	1.1858

EUR/USD Daily Chart – Fibonacci

GBP/USD

Floor Pivot Points

3rd Sup	2nd Sup	1st Sup	Pivot	1st Res	2nd Res	3rd Res
1.2854	1.2971	1.3078	1.3195	1.3302	1.3419	1.3526

GBP/USD Daily Chart – Pivot Points

Fibonacci Retracement Levels

0.0%	23.6%	38.2%	50.0%	61.8%	100.0%
1.3088	1.3140	1.3173	1.3200	1.3226	1.3312

GBP/USD Daily Chart – Fibonacci

USD/JPY

Floor Pivot Points

3rd Sup	2nd Sup	1st Sup	Pivot	1st Res	2nd Res	3rd Res
110.33	110.99	112.24	112.91	114.16	114.82	116.07

USD/JPY Daily Chart – Pivot Points

Fibonacci Retracement Levels

0.0%	23.6%	38.2%	50.0%	61.8%	100.0%
111.65	112.10	112.38	112.61	112.84	113.57

USD/JPY Daily Chart – Fibonacci

EUR/JPY

Floor Pivot Points

3rd Sup	2nd Sup	1st Sup	Pivot	1st Res	2nd Res	3rd Res
129.95	130.80	132.25	133.11	134.55	135.41	136.85

EUR/JPY Daily Chart – Pivot Points

Fibonacci Retracement Levels

0.0%	23.6%	38.2%	50.0%	61.8%	100.0%
131.66	132.20	132.54	132.81	133.08	133.96

EUR/JPY Daily Chart – Fibonacci

GBP/JPY

Floor Pivot Points

3rd Sup	2nd Sup	1st Sup	Pivot	1st Res	2nd Res	3rd Res
146.30	147.04	148.35	149.09	150.40	151.14	152.45

GBP/JPY Daily Chart – Pivot Points

Fibonacci Retracement Levels

0.0%	23.6%	38.2%	50.0%	61.8%	100.0%
147.77	148.26	148.56	148.80	149.04	149.82

GBP/JPY Daily Chart – Fibonacci

This post was originally published by EarnForex

This article was originally posted on FX Empire

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