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

EUR/USD Daily Chart

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

EUR/USD Daily – Fibonacci

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

GBP/USD Daily Chart – Pivot Points

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

GBP/USD Daily Chart – Fibonacci

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

USD/JPY Daily Chart – Pivot Points

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

USD/JPY Daily Chart – Fibonacci

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

EUR/JPY Daily Chart – Pivot Points

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

USD/JPY Daily Chart – Fibonacci

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

GBP/JPY Daily Chart – Pivot Points

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

GBP/JPY Daily Chart – Fibonacci

This post was originally published by EarnForex

This article was originally posted on FX Empire

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