Now high on rebound off broken inverted channel top off 1.4015 (see graph), with 1.4857 as daily channel top off 1.3358 and daily Bollinger top being tested ( 1.4848).
1st Support area at 1.4811 (Short Term reaction low hourly), with next levels at 1.4764 (daily envelope bottom), ahead of 1.4720 (daily Short Term Moving Average↑).
1.4543 = daily channel bottom off 1.3358: ideal area to stay above to keep current Medium Term upbias intact for €.
Resistance at 1.4853/ .4857 (new high/ see above), with next levels at1.4882 (daily envelope top), with next levels at 1.4906 (daily Starc + projection band tops) and 1.4935 (potential of long Term daily channel break off 2005 low), where a round of profit taking is favored to set in.
USD/JPY: (108.95) New reaction low off 117.95 below channel from there
EUR/GBP: (.7177) New year high on break above broadening pattern off .7007
EUR/JPY: (161.76) Currently back below the daily Uptrendline off 2006 low: stands today at 162.78
