Pair in channel off 1.4719, with rebound off 1.3025 toying back with 1.3335 (see graph) and testing daily channel top off 1.4719 (1.3372 today).
Support area at 1.3302 (gap hourly), with next levels at 1.3241./ .3231 (break-up daily/ broken daily Short Term Moving Average↓), ahead of 1.3208 (reaction low hourly) and 1.3163 (daily envelope bottom): tough on 1st attempts.
If wrong, next levels at 1.3025/ .3013 (current reaction low off 1.4719/ daily Bollinger bottom), where pause favored, amid oversold readings.
Resistance at 1.3372/ .3385 (see above/ today’s high? + daily envelope top), with next levels at 1.3418/ .3424 (daily Stop and Reverse/ 23.6% 1.4719 to 1.3025), ahead of 1.3451/ 1.3484 (breakdown hourly/ daily Medium Term Moving Average↓): tough on 1st attempts.
If wrong, next levels at 1.3554/ .3571 (weekly envelope top/ broken daily Long Term Moving Average↑), where pause favored.
USD/JPY: (90.85) 91.44 = target off 89.96
EUR/GBP: (.8978) Above Flag top off high
EUR/JPY: (121.20) Above 119.73
