Support and Resistance

You're watching the Support and Resistance Level Report for Thursday. Here's how our in-house model tests out.
Euro/Dollar trades between R1 of 1 0920 and S1 of 1 0850.
R3 leads in resistance with 5 confirmations, including price channel indictor upper line, a psychological level and a 100 day moving average. R1 and R2 both have 4 matches and the second line is a Bollinger upper band. A 50 day moving average is among the 9 confirmations for S1. S2 follows with 3 matches and it is a Bollinger lower band. Price channel indicator lower line is one of the 2 matches for S3.
The Cable has R1 of 1 4260 and S1 of 1 4230.
R1 is a 10 day moving average with a total of 8 confirmations. R2 and R3 both have a couple of matches. The second line is a 20 day moving average and R3 is a psychological level. S1 has found 4 confirmations. S2 follows with 3 matches, including price channel indicator lower line. S3 is a Bollinger lower band.
Dollar/Yen stands well below R1 of 120 and above S1 of 118 20.
R2 has found 4 matches and it’s backed up by a 100 day moving average and a price channel indicator upper line. R1 is a psychological level with a total of 3 confirmations. 2 studies are near R3, which is a 150 day moving average. S1 is confirmed by a 20 day moving average and 4 more models. There are 4 matches for S3, which is a price channel indicator lower line and a 12 month low. There are 3 matches for S2 and it’s a Bollinger lower band.
Last up is the Dollar/Swissie, which has R1 of 1 0190 and S1 of 1 0130.
The first two resistance levels both have 6 confirmations. The first level is a Bollinger lower band and a price channel indicator upper line. R3 is a psychological level. S3 is also a psychological level and it has a total of 8 matches. S1 follows with 7 confirmations and 4 studies are near S2, which is a 50 day moving average.
I’m Louise McCauley and that's all for this edition of Support and Resistance Level Report. Check back in tomorrow for the next overview of the key price levels. Goodbye.