Friday Support and Resistance Levels – January 26, 2018

Good morning, traders, you’re watching this week’s last Support and Resistance Level Report.

Euro/Dollar saw some volatility yesterday, but it now is back between R1 of 1 2460 and S1 of 1 2410. Price Channel Indicator Upper Line is among the 2 models for R2, while the other two resistance lines have found a single match each. R3 is a psychological level. S2 leads in support with 9 studies, and S3 is a former 2 year high with 3 models.

The highest support line has found 2 matches. The Cable has seen a correction, which leaves it below R1 of 1 4190 and above S1 of 1 4080. R1 counts Bollinger Upper Band among its 3 studies, and Price Channel Indicator Upper Line is among the 2 models for R2. A psychological level is the only match for R3. Standing at a 20 day moving average, S3 sees 2 confirmations, and the upper two support lines have found a single match each. S2 is a psychological level.

Dollar/Yen has recovered some ground and now has R1 of 109 90 and S1 of 109 30. R2 leads in resistance with 8 models, and R3 is a 20 day moving average with 3 studies. R1 counts a psychological level among its 2 matches. Bollinger Lower Band is among the 4 studies for S1, and S3 is a 12 month low with 3 confirmations. S2 counts Price Channel Indicator Lower Line among its 2 models.

And Dollar/Swiss Franc also saw some volatility yesterday, but it currently stands between R1 of 0 9940 and S1 of 0 9350. R3 is a 20 day moving average with 4 studies, while the lower two resistance lines have found 2 matches each, including a psychological level for R2. Price Channel Indicator Lower Line is among the 2 models for S2, and S3 is a psychological level with 2 studies. The highest support line has found a single match.