Currently below the neckline of short term Double Top (1.2746) and in inverted channel off 1.3385 (see graph), with daily Bollinger bottom under test (1.2652 today).
Support area at 1.2632/ .2616 (today’s low?/ daily projection band bottom), with next levels at 1.2518 (weekly envelope bottom), where pause favored, amid overextended readings.
If wrong, next levels at 1.2422 (long term daily Fibonacci Fan line) and 1.2396 (daily Starc bottom): tough on 1st attempts.
Resistance at 1.2758 (breakdown hourly), with next levels at 1.2808 (daily Short Term Moving Average↓), ahead of 1.2857 (daily envelope top + daily Medium Term Moving Average↓), where pause favored.
If wrong, next level at 1.2929 (daily Bollinger midline), which played Resistance role in recent corrective upside attempts): tough on 1st attempts.
USD/JPY: (92.48) Tested Flag bottom off 87.10
EUR/GBP: (.8898) Back in Long Term channel off .7694
EUR/JPY: (116.93) Retested broken channel bottom off 131.03
