New short term reaction low in channel off 1.4719, after having tested daily channel top from there (1.3112 today), with potential off 1.3822 (see graph) having been met (1.2925).
Support area at 1.2906/ .2891 (reaction low hourly/ break-up hourly), with next levels at 1.2825/ .2820 (current week low/ daily envelope bottom): tough on 1st attempts.
If wrong, next level at 1.2686 (daily Bollinger bottom), ahead of 1.2657 (broken daily channel top off 1.6040), where pause favored, amid oversold readings.
Resistance at 1.3027/ .3057 (reaction high hourly/ daily envelope top), ahead of 1.3086 (current reaction high off 1.2825) and 1.3112/ .3139 (see above/ breakdown hourly): tough on 1st attempts.
If wrong, next level at 1.3226 (daily Medium Term Moving Average↓), where pause favored.
USD/JPY: (88.64) New reaction low reapproached broken channel off 100.55
EUR/GBP: (.9398) Has met target off .9134
EUR/JPY: (114.55) New reaction low retested broken channel top off 126.95
