Reversal Day at 1.4339 sent the pair back towards 1.3739 (neckline Daily Double Bottom), with rebound off 1.3806 having failed to extend above Triangle pattern (see graph) and failed to settle back in daily channel off 1.2885 (bottom at 1.4178 today).
Support area at 1.3921/ .3914 (daily envelope bottom/ reaction low hourly), with next levels at 1.3858/ .3853 (reaction lows hourly/ weekly envelope bottom), where pause favored.
If wrong, next levels at 1.3806/ .3793 (reaction low off 1.4339/ see graph: neckline Head & Shoulders top): tough on 1st attempts.
Resistance at 1.4006/ .4026 (gap hourly/ broken daily Short Term Moving Average↑), with next levels at 1.4042/ .4070 (reaction high hourly/ broken daily Medium Term Moving Average↑), where pause favored.
If wrong, next levels at 1.4142 (daily envelope top), ahead of 1.4178 (last week high + see above): tough on 1st attempts.
USD/JPY: (98.40) Above 96.69
EUR/GBP: (.8515) New reaction low below channel bottom off .9082
EUR/JPY: (137.16) Back below channel off 126.99
