Drop from 1.3330 puts pair currently back in channel off 1.4719 (see graph) ad toying with equivalent one on daily charts (top at 1.2741 today).
Support area at 1.2712/ .2709 (today’s low?/ weekly projection band bottom) and 1.2657 (daily Bollinger bottom + daily projection band bottom), where pause favored.
If wrong, daily envelope bottom at 1.2636, where short term pause favored.
Resistance at 1.2785 (today’s high?), with next levels at 1.2879 (daily envelope top), ahead of 1.2935/ .2953 (weekly envelope top/ daily Short Term Moving Average↓).
1.3172 = daily Bollinger midline, which managed to hold on recent recovery attempts.
USD/JPY: (89.67) New reaction low reapproached broken channel off 100.55
EUR/GBP: (.8835) Back in Long Term channel off .7694
EUR/JPY: (114.12) Below 116.10
