Reversal Day at 1.4339 sent the pair back towards 1.3739 (neckline Daily Double Bottom), with rebound putting it currently back in channel off 1.2964 (see graph) and trying to settle back in daily channel off 1.2885 (bottom at 1.4114 today).
Support area at 1.3992 (broken daily Short Term Moving Average↓ + break-up hourly), with next levels at 1.3954 (daily Bollinger midline), ahead of 1.3919 (reaction low hourly).
If wrong, next levels at 1.3853/ .3842 (reaction lows hourly/ daily envelope bottom), ahead of 1.3812/ .3806 (weekly envelope bottom/ current week low + reaction low off 1.4339), where pause favored.
Resistance at 1.4077/ .4080 (breakdown hourly/ daily envelope top), with next levels at 1.4145/ .4159 (current week high/ breakdown hourly), where pause favored.
If wrong, next levels at 1.4213 (76.4%), ahead of 1.4240 (weekly envelope top): tough on 1st attempts.
USD/JPY: (97.77) Above 96.69
EUR/GBP: (.8554) New reaction low: testing channel bottom off .9082
EUR/JPY: (137.42) Back below channel off 126.99
