Analysis

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 1.2829 (broken daily Medium Term Moving Average↓), with next levels at 1.2790 (yesterday low), ahead of 1.2777/ .2761 (break-up hourly/ daily envelope bottom): tough on 1st attempts.
If wrong, next levels at 1.2695 (break-up hourly), ahead of 1.2527/ .2506 (current week low/ daily Stop And Reverse), where pause favored.
Resistance at 1.2976 (breakdown hourly), ahead of 1.3055 (daily Bollinger midline), where pause favored.

USD/JPY: (97.70 Back in channel off 110.67

EUR/GBP: (.8132) In channel off .7694

EUR/JPY: (125.72) Currently above channel off 155.20