Daily Long Term Moving Average↑ (1.3934 today) managed to act as Support in recent downmove, with pair above Triangle pattern, but at apex (see graph).
pause favored.
Support area at 1.4003/ .3995 (daily Bollinger midline/ break-up hourly), with next levels at 1.3972/ .3954 (daily envelope bottom/ break-up hourly + daily Medium Term Moving Average↑), ahead of 1.3934 (see above), where pause favored. If wrong, next levels at 1.3889/ .3888 (reaction lows hourly), ahead of 1.3866/ .3860 (weekly Uptrendline off March low/ weekly envelope bottom): tough on 1st attempts.
Resistance at 1.4076 (today’s high?), with next levels at 1.4119 (reaction high hourly), ahead of 1.4139/.4157 (last week high/ daily envelope top + daily projection band top) and 1.4178 (June 11 high + see graph: neckline Double Bottom), where pause favored.
If wrong, risk towards 1.4199/ .4211 (76.4%1.4339 to 1.3748/ weekly envelope top), ahead of 1.4250/ .5258 (daily Bollinger top/ daily Downtrendline off Sept 2008): tough on 1st attempts.
USD/JPY: (95.44) 95.26 = 2nd target off 97.08 has been met
EUR/GBP: (.8511) Back in channel off .9082
EUR/JPY: (133.95) Reapproached 135.29
