New high on rebound off broken inverted channel top from 1.4015 (see graph), amid overextended readings.
1st Support area at 1.4807/ .03 (Short Term reaction lows hourly),), with next levels at 1.4783/ .4772 (current reaction low off 1.4968/ daily envelope bottom) and 1.4739/ .28 (daily Medium Term Moving Average↑/ weeky envelope bottom).
1.4630 = daily channel bottom off 1.3358: ideal area to stay above to keep current Medium Term upbias intact.
Resistance at 1.4848 (Short Term reaction high hourly), with next levels at 1.4874(daily envelope top), ahead of 1.4908 (yesterday high).
1.4952/ .68 = daily Bollinger top/ new high: suspect difficult on 1st attempts.
USD/JPY: (108.51) New reaction low off 117.95
EUR/GBP: (.7168) New year high on break above broadening pattern off .7007
EUR/JPY: (160.70) Back below the daily Uptrendline off 2006 low: stands today at 163.24








