Weekly Forex Technical Analysis, Aug 28 – Sep 1, 2017

The US Dollar closed the previous week lower amid dovish Janet Yellen and Donald Trump’s suggestion to shut down the government which increased political instability.

In the week ahead, investors will closely watch the US nonfarm payrolls on Friday, US Q2 growth domestic product on Wednesday, Eurozone inflation figures on Thursday and the UK manufacturing PMI on Friday.

EUR/USD

Floor Pivot Points

3rd Sup

2nd Sup

1st Sup

Pivot

1st Res

2nd Res

3rd Res

1.1577

1.1654

1.1787

1.1864

1.1998

1.2075

1.2208

EUR/USD Daily Chart - Pivot Points
EUR/USD Daily Chart – Pivot Points

Fibonacci Retracement Levels

0.0%

23.6%

38.2%

50.0%

61.8%

100.0%

1.1731

1.1780

1.1811

1.1836

1.1861

1.1941

EUR/USD Daily Chart - Fiboncci
EUR/USD Daily Chart – Fiboncci

GBP/USD

Floor Pivot Points

3rd Sup

2nd Sup

1st Sup

Pivot

1st Res

2nd Res

3rd Res

1.2649

1.2711

1.2792

1.2854

1.2934

1.2996

1.3076

GBP/USD Daily Chart - Pivot Points
GBP/USD Daily Chart – Pivot Points

Fibonacci Retracement Levels

0.0%

23.6%

38.2%

50.0%

61.8%

100.0%

1.2774

1.2807

1.2828

1.2845

1.2862

1.2916

GBP/USD Daily Chart - Fibonacci
GBP/USD Daily Chart – Fibonacci

USD/JPY

Floor Pivot Points

3rd Sup

2nd Sup

1st Sup

Pivot

1st Res

2nd Res

3rd Res

107.50

108.07

108.71

109.27

109.91

110.48

111.12

USD/JPY Daily Chart - Pivot Points
USD/JPY Daily Chart – Pivot Points

Fibonacci Retracement Levels

0.0%

23.6%

38.2%

50.0%

61.8%

100.0%

108.63

108.92

109.09

109.24

109.38

109.84

USD/JPY Daily Chart - Fibonacci
USD/JPY Daily Chart – Fibonacci

EUR/JPY

Floor Pivot Points

3rd Sup

2nd Sup

1st Sup

Pivot

1st Res

2nd Res

3rd Res

125.89

126.86

128.49

129.46

131.09

132.05

133.68

EUR/JPY Daily Chart - Pivot Points
EUR/JPY Daily Chart – Pivot Points

Fibonacci Retracement Levels

0.0%

23.6%

38.2%

50.0%

61.8%

100.0%

127.83

128.44

128.82

129.13

129.43

130.43

EUR/JPY Daily Chart - Fiboancci
EUR/JPY Daily Chart – Fiboancci

GBP/JPY

Floor Pivot Points

3rd Sup

2nd Sup

1st Sup

Pivot

1st Res

2nd Res

3rd Res

137.95

138.61

139.69

140.36

141.43

142.10

143.17

GBP/JPY Daily Chart - Pivot Points
GBP/JPY Daily Chart – Pivot Points

Fibonacci Retracement Levels

0.0%

23.6%

38.2%

50.0%

61.8%

100.0%

139.28

139.69

139.95

140.15

140.36

141.03

GBP/JPY Daily Chart - Fibonacci
GBP/JPY Daily Chart – Fibonacci

This post was originally published by EarnForex

This article was originally posted on FX Empire

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