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Wednesday Support and Resistance Levels – February 14, 2018

Jessica Walker

Let’s find out how the interbank compares with the technicals at 8 AM GMT on this Wednesday.

Euro/Dollar’s short and long term indicators are mostly neutral, but the mid term shows mixed results. The close to 25% long interbank is bullish.

The Cable has 6 neutrals in both the short and long terms. 5 models are green in the 4-hour scale, but the only 10% long interbank is neutral, just like the hourly and daily models.

Dollar/Yen’s short term brings 6 neutrals. Mid and long terms have 4 and 6 sell prompts respectively, which is backed up by the 47% short interbank.

Pound/Yen has 5 neutrals in the hourly chart. Mid term brings mixed results and 5 studies point South in the daily range. The only 2% long interbank matches the hourly outlook.

Euro/Yen’s 1 and 4 hour charts have 5 and 4 neutrals respectively. There are 5 red signals in the daily range, but the 23% long interbank is bullish.

This article was originally posted on FX Empire