Rebound off 1.2764 puts pair currently above channel off 1.4719 (see graph), with potential off 1.3030 having been met (see graph).
Support area at 1.3135 (broken daily Medium Term Moving Average↓), with next levels at 1.3116/ .3109 (reaction low hourly/ daily Short Term Moving Average↑), ahead of 1.3068 (daily envelope bottom) and 1.3021 (breakup hourly): ideal area to stay above to keep current better mood on €.
Resistance at 1.3318/ .3330 (daily envelope top/ current recovery high off 1.2764 + daily Bollinger midline): tough on 1st attempts.
If wrong, next level at 1.3365/ .3385 (daily projection band top/ Jan 19 high), where pause favored.
USD/JPY: (89.23) New reaction low reapproached broken channel off 100.55
EUR/GBP: (.9286) Back in Long Term channel off .7694
EUR/JPY: (118.24) Strong rebound off new reaction low
