Drop from 1.3739 highlighting Double Top off 1.3416 and currently back below the daily Downtrendline off high (1.3332 today).
Support area at 1.3223 (today’s low?), with next levels at 1.3188/ .3165 (daily Bollinger midline/ reaction low hourly + break-up hourly), ahead of 1.3113 (current week low) and 1.3098/ .3093 (50% 1.2457 to 1.3739 + daily envelope bottom/ weekly envelope bottom + 2nd target off 1.3416), where pause favored.
Failure to hold would see risk towards 1.3085 (long term reaction low hourly) and 1.3032 (break-up daily March 17): tough on 1st attempts.
Resistance at 1.3291 (daily envelope top), with next levels at 1.3332/ .3342 (see above/ current week high + see graph), ahead of 1.3401 (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: (98.80) Back in channel off year low
EUR/GBP: (.9158) Testing key area of .9156/ .9143
EUR/JPY: (131.07) Back in channel off 113.09
