It’s time for this week’s last Support and Resistance Level Report. Here’s how our in-house model tests out.
Euro/Dollar has gained some ground and now stands between R1 of 1 1660 and S1 of 1 1630.
The lowest resistance line has found 9 matches, and R2 is a 20 day moving average with 4 confirmations. A 50 day moving average is the only model for R3. S1 leads in support with 11 models. S3 is confirmed by a psychological level, a 150 day moving average and another study, and Price Channel Indicator Lower Line is among the 2 models for S2.
The Cable has seen its ups and downs, but it’s now below R1 of 1 3170 and S1 of 1 3140.
Standing near a 20 day moving average, R1 sees 7 confirmations, and Bollinger Upper Band is among the 4 studies for R3. R2 is a 50 day moving average with 2 models. Standing at a 100 day moving average, S2 sees 9 confirmations. S3 is supported by Bollinger Lower Band, Price Channel Indicator Lower Line and 4 other studies, and S1 has found 5 matches.
Dollar/Yen is trading in the range limited by R1 of 113 70 and S1 of 113 40.
R1 leads in resistance with 9 technicals, and R2 is a 6 month high with 6 confirmations. Standing at a psychological level, R3 has found 2 matches. S1 is a 20 day moving average with 5 models, whereas S3 is supported by a 100 day moving average, Price Channel Indicator Lower Line and another study. S2 counts a 50 day moving average as its only match.
And Dollar/Swiss Franc has finally seen some movement, as it now has R1 of 0 9970 and S1 of 0 9940.
The important psychological level of parity is now R2 with no less than 21 confirmations. The lowest resistance line has found 9 matches, and R3 is Price Channel Indicator Upper Line with 5 models. The upper two support lines have found 3 matches each, including a 20 day moving average for S2, while S3 is a 50 day moving average with 2 models.
You’ve been watching the Support and Resistance Level Report for Friday with me, Jessica Walker. We’ll be right back on Monday, so check back.

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