Wednesday Support and Resistance Levels – January 24, 2018

Good morning, traders, you’re watching the Support and Resistance Level Report for Tuesday.

Euro/Dollar has the closest levels of 1 2280 in resistance and 1 2240 in support.

The lowest resistance line sees 8 confirmations, whereas R2 is backed up by Price Channel Indicator Upper Line, Bollinger Upper Band and 2 other studies. R3 counts a psychological level as its only match. S1 leads in support with 11 models, and S2 is a former 2 year high with 4 studies. A psychological level is the only confirmation for S3.

The Cable has gained some ground and now stands between R1 of 1 3990 and S1 of 1 3940. R1 is confirmed by Price Channel Indicator Upper Line, a psychological level and 2 other studies, while the upper two resistance lines have found a single match each. S2 leads in support with 6 studies, and a former 12 month high is now among the 3 models for S3. The highest support line has found 2 matches.

Dollar/Yen is trading in the range limited by R1 of 111 and S1 of 110 70. R1 leads in resistance with 8 models, and R2 is a 150 day moving average with 4 studies. R3 counts a 100 day moving average among its 3 technicals. S1 is the most confirmed support line with 14 models, and Price Channel Indicator Lower Line is among the 4 studies for S2. S3 is backed up by Bollinger Lower Band, a psychological level and another technical.

And Dollar/Swiss Franc finds itself below R1 of 0 9640 and above S1 of 0 9610. The lowest resistance line has found 8 matches, and R2 counts a 150 day moving average among its 5 models. A 100 day moving average is among the 4 studies for R3. The highest support line sees 9 confirmations, and S2 is Bollinger Lower Band with 4 studies. Standing at a psychological level, S3 has found 2 matches.