Exploded above 1.2991 (see graph: neckline Double Bottom), but drop now highlighting Double Top off 1.3416 and currently back below the daily Downtrendline off high (1.3368 today).
Support area at 1.3197 (today’s low? + daily projection band bottom), with next levels at 1.3183/ .3173 (1st target off 1.3416/ daily envelope bottoms) and 1.3131 (break-up hourly + weekly Short Term Moving Average↑), where pause favored.
Failure to hold would see risk towards 1.3098/ .3093 (50% 1.2457 to 1.3739/ weekly envelope bottom + 2nd target off 1.3416): tough on 1st attempts.
Resistance at 1.3285 (today’s high?), with next levels at 1.3333 (broken daily Medium Term Moving Average↑), where pause favored.
If wrong, next levels at 1.3416/ .3421 (see graph + daily envelope top/ daily Short Term Moving Average↓ ): tough on 1st attempts.
USD/JPY: (97.23) Back in channel off year low
EUR/GBP: (.9300) Broken channel top managed to hold on correction
EUR/JPY: (128.61) Double Top off 130.74
