Thursday Support and Resistance Levels – January 25, 2018

Good morning, traders, this is the Support and Resistance Level Report for Thursday. Here’s how our in-house model tests out.

Euro/Dollar is on the rise, and it stands between R1 of 1 2470 and S1 of 1 2410. R2 is a psychological level with 2 confirmations, while the upper and lower resistance lines have found a single match each. S2 leads in support with 11 models, and a former 2 year high is now among the 4 studies for S3. The highest support line has found 2 matches.

The Cable is up as well, having the closest levels of 1 4320 in resistance and 1 4260 in support. The pair still sees little resistance at its new level, as all three resistance lines have found a single match each. R2 is a psychological level, and R3 is a 2 year high. S2 is a psychological level with 3 models, and the highest support line has found 2 matches. S3 is a 20 day moving average with 2 studies.

Dollar/Yen, on the other hand, is down, trading below R1 of 109 50 and above S1 of 108 80. A psychological level is among the 3 studies for R2, whereas the lowest resistance line has found 2 matches. R3 counts a 20 day moving average as its only model. Standing at a former 2 year low, S2 sees 3 confirmations, and S1 has found 2 matches. S3 is a psychological level with 2 studies.

And Dollar/Swiss Franc has also seen a decline, as it now has R1 of 0 9490 and S1 of 0 94. R2 leads in resistance with 7 models, and R3 is a 20 day moving average with 4 studies. R1 counts a psychological level among its 2 technicals. S3 is another psychological level with 2 studies, while the upper two support lines have found a single match each.