Rebound off 1.2764 puts pair currently above channel off 1.4719 (broken daily channel top from there at 1.2980 today), with 1.3296 = 2nd target off 1.3030 (see graph).
Support area at 1.3135 (reaction low hourly), with next levels at 1.3078 (daily Short Term Moving Average↑), ahead of 1.3030/ .3027 (see graph/ daily envelope bottom) and 1.2980 (see above): ideal area to stay above to keep current better mood on €.
Resistance at 1.3259 (today’s high?), with next levels at 1.3285/ .3296 (daily envelope top/ see above): tough on 1st attempts.
If wrong, next level at 1.3365/ .3385 (daily Bollinger midline/ Jan 19 high), where pause favored.
USD/JPY: (89.44) New reaction low reapproached broken channel off 100.55
EUR/GBP: (.9404) Back above Long Term channel off .7694
EUR/JPY: (118.36) Strong rebound off new reaction low
