New short term reaction low in channel off 1.4719, after having tested daily channel top from there (1.3178 today), with potential off 1.3822 (see graph) having been met (1.2925).
Support area at 1.2943 (reaction low hourly), with next levels at 1.2891 (break-up hourly) and 1.2875 (daily envelope bottom) and 1.2825 (current week low): tough on 1st attempts.
If wrong, next level at 1.2742 (daily Bollinger bottom), where pause favored, amid oversold readings.
Resistance at 1.3071/ .3086 (daily Short Term Moving Average↓/ current reaction high off 1.2825), ahead of 1.3121/ .3139 (daily envelope top/ breakdown hourly) and 13164/ .3178 (reaction high hourly/ see above): tough on 1st attempts.
If wrong, next level at 1.3272 (daily Medium Term Moving Average↓), where pause favored.
USD/JPY: (89.23) New reaction low reapproached broken channel off 100.55
EUR/GBP: (.9350) Has met target off .9134
EUR/JPY: (115.90) New reaction low retested broken channel top off 126.95
