Daily Long Term Moving Average↑ (1.3922 today) managed to act as Support in recent downmove, with pair above Triangle pattern, but near apex (see graph).
Support area at 1.3979 (Daily Short Term Moving Average↑), with next levels at 1.3954 (break-up hourly), ahead of 1.3922/ .3911 (see above/ daily envelope bottom), where pause favored.
If wrong, next levels at 1.3889/ .3888 (reaction lows hourly), ahead of 1.3826/ .3821 (current week low/ broken daily Downtrendline off 1.4339): tough on 1st attempts.
Resistance at 1.4095 (daily envelope top), with next levels at 1.4139 (current week high + daily projection band top), ahead of 1.4168/ .4178 (weekly envelope top/ June 11 high + see graph: neckline Double Bottom), where pause favored.
If wrong, risk towards 1.4199 (76.4%1.4339 to 1.3748), ahead of 1.4258/ .4263 (daily Downtrendline off Sept 2008/ daily Bollinger top): tough on 1st attempts.
USD/JPY: (95.84) 95.26 = 2nd target off 97.08 has been met
EUR/GBP: (.8562) Back in channel off .9082
EUR/JPY: (134.79) Reapproaching 135.29
