New short term reaction low in channel off 1.4719, after having tested daily channel top from there (1.3052 today).
Support area at 1.2862/ .2850 (today’s low?/ daily envelope bottom), with next levels at 1.2844 (break-up hourly), ahead of 1.2764 (current reaction low off 1.4719): tough on 1st attempts.
If wrong, next level at 1.2652 (daily Bollinger bottom), ahead of 1.2629 (broken daily channel top off 1.6040), where pause favored, amid oversold readings.
Resistance at 1.2965/ .2970 (daily Short Term Moving Average↓/ today’s high?), with next levels at 1.3052 (see above), ahead of 1.3071/ .3095 (weekly/ daily envelope tops): tough on 1st attempts.
If wrong, next level at 1.3175 (daily Medium Term Moving Average↓), where pause favored.
USD/JPY: (88.80) New reaction low reapproached broken channel off 100.55
EUR/GBP: (.9515) Back above Long Term channel off .7694
EUR/JPY: (114.90) New reaction low retested broken channel top off 126.95
