Pair is approaching 61.8% of rise from low to 1.4719 (1.3243) and has met 1st target off 1.3822 (1.3283), in channel off 1.4719, with daily Bollinger bottom being toyed with (1.3286 today).
Support area at 1.3243 (see above), ahead of 1.3223 (daily envelope bottom): tough on 1st attempts.
If wrong, next levels at 1.3186 (weekly envelope bottom), ahead of 1.3070 (break-up daily Dec 10), where pause favored, amid oversold readings.
Resistance at 1.3373 (today’s high?), with next levels at 1.3495/ .3515 (daily Short Term Moving Average↓/ daily Long Term Moving Average↑ + daily envelope top), where pause favored.
If wrong, next level at 1.3733 (daily Medium Term Moving Average↓): tough on 1st attempts.
USD/JPY: (89.33) Reapproaching broken channel top off 100.55
EUR/GBP: (.8997) Good correction off high
EUR/JPY: (118.46) Has met targets off 125.33
