Weekly Forex Technical Analysis July 24 July 28 2017

The US Dollar has continued its downfall versus all major currencies as US rate hike expectations significantly decreased while other central banks imply for economic growth and towards tightening monetary policy.

We have a busy week in front of us with the BoJ minutes, Australia CPI, UK GDP, FOMC rate decision, Japan CPI US GDP and more economic events.

EUR/USD

Floor Pivot Points

3rd Sup	2nd Sup	1st Sup	Pivot	1st Res	2nd Res	3rd Res
1.1256	1.1345	1.1504	1.1593	1.1752	1.1841	1.2000

EUR/USD Daily Chart – Pivot Points

Fibonacci Retracement Levels

0.0%	23.6%	38.2%	50.0%	61.8%	100.0%
1.1435	1.1493	1.1529	1.1559	1.1588	1.1683

EUR/USD Daily Chart – Fibonacci

GBP/USD

Floor Pivot Points

3rd Sup	2nd Sup	1st Sup	Pivot	1st Res	2nd Res	3rd Res
1.2716	1.2824	1.2909	1.3017	1.3101	1.3210	1.3294

GBP/USD Daily Chart – Pivot Points

Fibonacci Retracement Levels

0.0%	23.6%	38.2%	50.0%	61.8%	100.0%
1.2932	1.2978	1.3006	1.3029	1.3051	1.3125

GBP/USD Daily Chart – Fibonacci

USD/JPY

Floor Pivot Points

3rd Sup	2nd Sup	1st Sup	Pivot	1st Res	2nd Res	3rd Res
108.61	109.81	110.47	111.66	112.32	113.52	114.18

USD/JPY Daily Chart – Pivot Points

Fibonacci Retracement Levels

0.0%	23.6%	38.2%	50.0%	61.8%	100.0%
111.01	111.45	111.72	111.94	112.15	112.86

USD/JPY Daily Chart – Fibonacci

EUR/JPY

Floor Pivot Points

3rd Sup	2nd Sup	1st Sup	Pivot	1st Res	2nd Res	3rd Res
126.68	127.63	128.61	129.55	130.53	131.48	132.46

EUR/JPY Daily Chart – Pivot Points

Fibonacci Retracement Levels

0.0%	23.6%	38.2%	50.0%	61.8%	100.0%
128.57	129.03	129.31	129.54	129.76	130.50

EUR/JPY Daily Chart – Fibonacci

GBP/JPY

Floor Pivot Points

3rd Sup	2nd Sup	1st Sup	Pivot	1st Res	2nd Res	3rd Res
139.50	141.77	143.06	145.33	146.61	148.88	150.16

GBP/JPY Daily Chart – Pivot Points

Fibonacci Retracement Levels

0.0%	23.6%	38.2%	50.0%	61.8%	100.0%
144.04	144.88	145.40	145.82	146.24	147.60

GBP/JPY Daily Chart – Fibonacci

This post was originally published by EarnForex

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