Rebound off 1.2388 could not sustain above channel top from 1.4867 and back below 1.2527 (see graph): Support area at 1.2471 (current week low), with next levels at 1.2448 (medium term reaction low hourly), ahead of 1.2388/ .2382 (Nov 13 low/ daily envelope bottom): tough on 1st attempts.
If wrong, next levels at 1.2366 (daily Bollinger bottom), ahead of 1.2331 (reaction low off high) and 1.2300 (2nd target of daily channel break off 2005 low), where pause favored.
Resistance at 1.2530 (breakdown hourly), with next levels at 1.2582 (daily Short Term Moving Average↓), ahead of 1.2650/ .2682 (daily envelope top/ daily Medium Term Moving Average↓), where pause favored.
If wrong, 1.2823/ .2853 = weekly envelope top/ Nov 13 high: tough on 1st tests.
USD/JPY: (95.11) Trying to extend back below channel off 110.67
EUR/GBP: (.8358) In channel off .7694
EUR/JPY: (119.02) Drop from 131.06 retested broken channel top off 155.20
