Wednesday Support and Resistance Levels – June 7, 2017

You’re watching the Support and Resistance Level Report for Wednesday. Here’s how our in-house model tests out.
Euro/Dollar is currently trading in the range limited by R1 of 1 1280 and S1 of 1 1250.

R1 is well confirmed with 11 models, including Price Channel Indicator Upper Line and a 6 month high, while Bollinger Upper Band is among the 2 studies for R2. R3 is a 12 month high with 2 matches. S1 leads in support with 9 technicals, and S2 is a 20 day moving average with 3 models. A psychological level is the only match for S3.
The Cable has been moving in waves, but it now has R1 of 1 2920 and S1 of 1 2880.
Standing near a 20 day moving average, R1 sees 7 confirmations, while R3 is backed up by Price Channel Indicator Upper Line, a 6 month high and 3 other models. R2 is a psychological level with 2 studies. S1 is the most confirmed support line with 11 models, and the second line has found 6 matches. S3 is supported by Price Channel Indicator Lower Line, a 50 day moving average and 2 other studies.
Dollar/Yen has the closest levels of 109 70 in resistance and 109 20 in support.
A 50 day moving average is among the 5 studies for R2, while R3 counts a 20 day moving average among its 3 models. The lowest resistance line sees a single confirmation. S1 is backed up by Bollinger Lower Band, Price Channel Indicator Lower Line and another model, while the lower two support lines have found 2 matches each, including a 6 month low for S2 and a psychological level for S3.
And Dollar/Swiss Franc finds itself between R1 of 0 9640 and S1 of 0 9610.
The lowest resistance line sees 12 confirmations, and R2 has found 8 matches. A 20 day moving average is among the 2 studies for R3. S1 counts Price Channel Indicator Lower Line among its 5 studies. S2 is supported by Bollinger Lower Band, a 12 month low and another model, while the lowest line sees a single confirmation.