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 1.2805/ .2795 (daily envelope bottom/ today’s low?), with next levels at 1.2777 (break-up hourly) and 1.2695 (idem): tough on 1st attempts.
If wrong, next levels at 1.2527 (current week low), ahead of 1.2473 (daily Stop And Reverse), where pause favored.
Resistance at 1.2918 (breakdown hourly), with next levels at 1.2976 (reaction high hourly), ahead of 1.3048 (yesterday high) and 1.3085 (daily Bollinger midline), where pause favored.
USD/JPY: (99.48) Back in channel off 110.67
EUR/GBP: (.8115) In channel off .7694
EUR/JPY: (128.45) Currently above channel off 155.20
