Below the neckline of short term Double Top (1.2746) and testing inverted channel bottom off 1.3385 (see graph)/ daily Bollinger bottom (1.2528 today).
Support area at 1.2518/ .2514 (weekly envelope bottom/ current week low), where pause favored, amid overextended readings.
If wrong, next levels at 1.2473 (daily projection band bottom), ahead of 1.2423/ .2399 (long term daily Fibonacci Fan line + 1st target off 1.2746 + daily envelope bottom/ 2nd target): tough on 1st attempts.
Resistance at 1.2639/ .2668 (reaction high hourly/ daily Short Term Moving Average↓), with next levels at 1.2758 (breakdown hourly), ahead of 1.2814 (daily Medium Term Moving Average↓), where pause favored.
If wrong, next level at 1.2881 (daily Bollinger midline), which played Resistance role in recent corrective upside attempts): tough on 1st attempts.
USD/JPY: (93.39) In Flag off 87.10
EUR/GBP: (.8825) Trying to extend back below Long Term channel off .7694
EUR/JPY: (117.54) Currently back in channel off 131.03
