Drop from 1.3330 retested the previously broken daily channel top off 1.4719 (top at 1.2665 today) and is now toying back with same channel top on hourly charts (see graph).
Support area at 1.2780 (break-up hourly), with next levels at 1.2709/ .2706 (weekly projection band bottom/ current week low), ahead of 1.2681 (daily envelope bottom) and 1.2665/ .2655 (see above/ daily Bollinger bottom + daily projection band bottom), where pause favored.
Resistance at 1.2913/ .2924 (today’s high?/ reaction high hourly + daily Short Term Moving Average↓), with next levels at 1.2935 (weekly envelope top).
1.3145 = daily Bollinger midline, which managed to hold on recent recovery attempts.
USD/JPY: (89.42) New reaction low reapproached broken channel off 100.55
EUR/GBP: (.9052) Back in Long Term channel off .7694
EUR/JPY: (115.02) Below 116.10
