Rebound off 1.2331 (key Reversal day) sent the pair back in the channel off 1.4867 and retested breakdown area of Oct 20 (1.3284): Support area at 1.2527 (today’s low?), with next levels at 1.2470 (daily envelope bottom) and 1.2439 (daily Stop And Reverse): tough on 1st attempts.
If wrong, next levels at 1.2344/ .2331 (weekly Bollinger bottom/ reaction low off 1.6040), where pause favored.
Resistance at 1.2649 (today’s high?), with next levels at 1.2768 (daily Short Term Moving Average↓), ahead of 1.2831/ .2867 (daily envelope top/ daily Medium Term Moving Average↓), where pause favored.
USD/JPY: (98.72) Currently back in channel off 110.67
EUR/GBP: (.8036) Above channel top off .8187
EUR/JPY: (124.60) Currently back in channel off 155.20
