Drop from 1.3294 could not sustain below 1.2527 and in channel (see graph): Support area at 1.2532 (daily envelope bottom), with next levels at 1.2512 (yesterday low): tough on 1st attempts.
If wrong, next levels at 1.2448 (reaction low hourly) and 1.2407/ .2388 (daily Bollinger bottom/ last week low).
1.2331 = reaction low off high, ahead of 1.2300 (2nd target of daily channel break off 2005 low), where pause favored.
Resistance at 1.2698/ .2710 (breakdown hourly/ daily Medium Term Moving Average↓), with next levels at 1.2740 (current week high + daily Bollinger midline), where pause favored. If wrong, 1.2806/.2823 = daily/ weekly envelope tops: tough on 1st tests.
USD/JPY: (96.68) Failed to extend below channel off 110.67
EUR/GBP: (.8414) Drop retesting previous high of .8412
EUR/JPY: (121.77) Drop from 131.06 retested broken channel top off 155.20
