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USD/JPY gaps sharply lower on North Korean hydrogen bomb test

Another week, another escalation in tensions around North Korea. The rogue nation claims it tested a mighty hydrogen bomb. While this cannot be verified, the artificial earthquake that was detected in the region seems massive enough. The tremors of 6.3 in the Richter scale pointed to a bomb that is 9.8 times deadlier than in […]

The post USD/JPY gaps sharply lower on North Korean hydrogen bomb test appeared first on Forex Crunch.

USD/JPY under pressure – Forecast Sep. 4-8 2017

Dollar/yen remained pressured to the downside on a flare-up around North Korea. Yellen’s lack of hawkishness in Jackson Hole continued reverberating and weighed on the US dollar. What’s next? North Korea’s massive nuclear test over the weekend could weigh quite heavily on the pair. USD/JPY fundamental movers North Korea, Yellen After a few quiet weeks in northeast […]

The post USD/JPY under pressure – Forecast Sep. 4-8 2017 appeared first on Forex Crunch.

Weekly Forex Technical Analysis (Sep 4 — Sep 8)

EUR/USD

Floor pivot points

3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
1.1520 1.1671 1.1767 1.1918 1.2014 1.2166 1.2261

EUR/USD - Floor pivot points as of Sep 2, 2017

Woodie’s pivot points

2nd Sup 1st Sup Pivot 1st Res 2nd Res
1.1657 1.1739 1.1905 1.1986 1.2152

EUR/USD - Woodie's pivot points as of Sep 2, 2017

Camarilla pivot points

4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd Res 3rd Res 4th Res
1.1727 1.1795 1.1817 1.1840 1.1885 1.1908 1.1931 1.1999

EUR/USD - Camarilla pivot points as of Sep 2, 2017

Tom Demark’s pivot points

Support Resistance
1.1719 1.1966

EUR/USD - Tom Demark's pivot points as of Sep 2, 2017

Fibonacci retracement levels

0.0% 23.6% 38.2% 50.0% 61.8% 100.0%
1.1823 1.1881 1.1917 1.1946 1.1976 1.2070

EUR/USD - Fibonacci retracement levels as of Sep 2, 2017

GBP/USD

Floor pivot points

3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
1.2730 1.2791 1.2873 1.2934 1.3016 1.3077 1.3160

GBP/USD - Floor pivot points as of Sep 2, 2017

Woodie’s pivot points

2nd Sup 1st Sup Pivot 1st Res 2nd Res
1.2796 1.2884 1.2939 1.3027 1.3083

GBP/USD - Woodie's pivot points as of Sep 2, 2017

Camarilla pivot points

4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd Res 3rd Res 4th Res
1.2876 1.2916 1.2929 1.2942 1.2968 1.2981 1.2995 1.3034

GBP/USD - Camarilla pivot points as of Sep 2, 2017

Tom Demark’s pivot points

Support Resistance
1.2903 1.3047

GBP/USD - Tom Demark's pivot points as of Sep 2, 2017

Fibonacci retracement levels

0.0% 23.6% 38.2% 50.0% 61.8% 100.0%
1.2852 1.2886 1.2906 1.2923 1.2940 1.2995

GBP/USD - Fibonacci retracement levels as of Sep 2, 2017

USD/JPY

Floor pivot points

3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
106.38 107.32 108.79 109.73 111.19 112.13 113.59

USD/JPY - Floor pivot points as of Sep 2, 2017

Woodie’s pivot points

2nd Sup 1st Sup Pivot 1st Res 2nd Res
107.45 109.05 109.86 111.45 112.26

USD/JPY - Woodie's pivot points as of Sep 2, 2017

Camarilla pivot points

4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd Res 3rd Res 4th Res
108.93 109.59 109.81 110.03 110.47 110.69 110.91 111.57

USD/JPY - Camarilla pivot points as of Sep 2, 2017

Tom Demark’s pivot points

Support Resistance
109.26 111.66

USD/JPY - Tom Demark's pivot points as of Sep 2, 2017

Fibonacci retracement levels

0.0% 23.6% 38.2% 50.0% 61.8% 100.0%
108.26 108.83 109.18 109.47 109.75 110.67

USD/JPY - Fibonacci retracement levels as of Sep 2, 2017

EUR/JPY

Floor pivot points

3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
127.68 128.66 129.73 130.71 131.78 132.76 133.83

EUR/JPY - Floor pivot points as of Sep 2, 2017

Woodie’s pivot points

2nd Sup 1st Sup Pivot 1st Res 2nd Res
128.68 129.77 130.73 131.82 132.78

EUR/JPY - Woodie's pivot points as of Sep 2, 2017

Camarilla pivot points

4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd Res 3rd Res 4th Res
129.66 130.23 130.41 130.60 130.98 131.17 131.35 131.92

EUR/JPY - Camarilla pivot points as of Sep 2, 2017

Tom Demark’s pivot points

Support Resistance
130.22 132.27

EUR/JPY - Tom Demark's pivot points as of Sep 2, 2017

Fibonacci retracement levels

0.0% 23.6% 38.2% 50.0% 61.8% 100.0%
129.65 130.13 130.43 130.68 130.92 131.70

EUR/JPY - Fibonacci retracement levels as of Sep 2, 2017

GBP/JPY

Floor pivot points

3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
137.88 138.93 140.88 141.94 143.88 144.94 146.88

GBP/JPY - Floor pivot points as of Sep 2, 2017

Woodie’s pivot points

2nd Sup 1st Sup Pivot 1st Res 2nd Res
139.16 141.32 142.16 144.32 145.16

GBP/JPY - Woodie's pivot points as of Sep 2, 2017

Camarilla pivot points

4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd Res 3rd Res 4th Res
141.17 142.00 142.27 142.55 143.10 143.37 143.65 144.47

GBP/JPY - Camarilla pivot points as of Sep 2, 2017

Tom Demark’s pivot points

Support Resistance
141.41 144.41

GBP/JPY - Tom Demark's pivot points as of Sep 2, 2017

Fibonacci retracement levels

0.0% 23.6% 38.2% 50.0% 61.8% 100.0%
139.99 140.70 141.14 141.49 141.85 143.00

GBP/JPY - Fibonacci retracement levels as of Sep 2, 2017

If you have any questions or comments on this technical analysis, please feel free to reply below.

Posted on Forex blog.

USD/JPY breaks above downtrend resistance as tensions ease

Dollar/yen had its dance with the lows, dipping closer to the critical support level of 108.10 and bouncing back. The drops came as North Korea fired a missile over Japan, stoking tensions. US President Donald Trump said, “all the options are on the table”. However, as time passes by, markets cannot be scared for too […]

The post USD/JPY breaks above downtrend resistance as tensions ease appeared first on Forex Crunch.

USD/JPY pressured on North Korea missile firing over Japan

North Korea did it again: the rogue nation fired a missile over Japan’s northern island Hokkaido. While the projectile did not hit Japan’s territory, it certainly scared Japan, South Korea and also the US. Japanese citizens were asked to alerted to take cover. And in currency markets, the safe-haven response outweighs the danger to Japan. […]

The post USD/JPY pressured on North Korea missile firing over Japan appeared first on Forex Crunch.

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