Pair has approached 61.8% of rise from low to 1.4719 (1.3243).
Rebound could not regain 1.3822 and in Flag off 1.4719 (see graph), with daily Bollinger bottom under test (1.3382 today): Support area at 1.3374 (today’s low?) (broken with next levels at 1.3312 (reaction low off 1.4719) and 1.3294/ .3280 (1st wave up hourly off 1.2331/ daily envelope bottom + reaction low hour), ahead of 1.3500 (tough on 1st attempts.
If wrong, next levels at 1.3243 (see above), where pause favored.
Resistance at 1.3475/ .3503 (today’s high?/ broken daily Long Term Moving Average↑), with next levels at 1.3539 (daily Short Term Moving Average↓), ahead of 1.3617 (daily envelope top), where pause favored.
If wrong, next level at 1.3789 (daily Medium Term Moving Average↓): tough on 1st attempts.
USD/JPY: (90.14) Has met potential of channel break off 100.55
EUR/GBP: (.8888) Good correction off high
EUR/JPY: (120.88) Has met targets off 125.33
