Drop from 1.3739 highlighting Double Top off 1.3416 and currently back below the daily Downtrendline off high (1.3356 today).
Support area at 1.3174 (today’s low?), with next levels at 1.3151 (daily Bollinger midline), ahead of 1.3132/ .3113 (daily projection band bottom/ current week low), 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) and 1.3080 (daily envelope bottom): tough on 1st attempts.
Resistance at 1.3266 (reaction high hourly), with next levels at 1.3296 (daily envelope top + daily Short Term Moving Average↓), ahead of 1.3342/ .3375 (current week high/ broken daily Medium Term Moving Average↑), where pause favored.
If wrong, next levels at 1.3416/ .3426 (see graph/ 50% 1.3739 to 1.3113): tough on 1st attempts.
USD/JPY: (98.54) Back in channel off year low
EUR/GBP: (.9240) Broken channel top managed to hold on correction
EUR/JPY: (130.15) Back in channel off 113.09
