Below the neckline of short term Double Top (1.2746) and testing inverted channel bottom off 1.3385 (see graph)/ daily Bollinger bottom (1.2587 today).
Support area at 1.2560/ .2548 (today’s low? + see graph/ daily projection band bottom), with next levels at 1.2518 (weekly envelope bottom), where pause favored, amid overextended readings.
If wrong, next levels at 1.2423/ .2399 (long term daily Fibonacci Fan line + 1st target off 1.2746/ 2nd target): tough on 1st attempts.
Resistance at 1.2630/ .2655 (reaction high hourly/ daily envelope top), with next levels at 1.2733/ .2758 (daily Short Term Moving Average↓/ breakdown hourly), ahead of 1.2838 (daily Medium Term Moving Average↓), where pause favored.
If wrong, next level at 1.2904 (daily Bollinger midline), which played Resistance role in recent corrective upside attempts): tough on 1st attempts.
USD/JPY: (92.40) In Flag off 87.10
EUR/GBP: (.8840) Toying back with Long Term channel bottom off .7694
EUR/JPY: (116.31) Retested broken channel bottom off 131.03
