Drop from 1.3294 could not sustain below 1.2527 and toying with channel top off 1.4867 (see graph): Support area at 1.2565/ .2544 (reaction lows hourly), with next levels at 1.2512/ .2503 (current week low/ daily envelope bottom): tough on 1st attempts.
If wrong, next levels at 1.2448 (reaction low hourly) and 1.2396/ .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/ .2701 (breakdown hourly/ daily Medium Term Moving Average↓), with next levels at 1.2740/ .2745 (current week high/ daily envelope top), where pause favored.
If wrong, 1.2823/ .2853 = weekly envelope top/ Nov 13 high: tough on 1st tests.
USD/JPY: (96.58) Failed to extend below channel off 110.67
EUR/GBP: (.8442) In channel off .7694
EUR/JPY: (122.03) Drop from 131.06 retested broken channel top off 155.20
