Drop from 1.3294 trying to extend below 1.2527 (see graph): Support area at 1.2435 (today’s low?), with next levels at 1.2358 (daily envelope bottom): tough on 1st attempts.
If wrong, next levels at 1.2331/ .2324 (reaction low off high/ weekly envelope bottom) and 1.2300 (2nd target of daily channel break off 2005 low), where pause favored.
Resistance at 1.2585/ .2591 (daily envelope top/ daily Short Term Moving Average↓), ahead of 1.2631 (reaction highs hourly) and 1.2716/ .2738 (breakdown daily/ daily Medium Term Moving Average→).
1.2816 = daily Bollinger midline, which played Resistance role in recent corrective attempts.
USD/JPY: (95.74) Trying to extend back below channel off 110.67
EUR/GBP: (.8365) New high above channel off .7694
EUR/JPY: (119.37) Drop from 131.06 retested broken channel top off 155.20
