Daily Long Term Moving Average↑ (1.3956 today) managed to act as Support in recent downmove, with pair above Triangle pattern, but at apex (see graph).
Support area at 1.4000 (reaction low hourly), with next levels at 1.3982 (current week low + daily Bolllinger midline), ahead of 1.3964/ .3956 (daily envelope bottom/ daily Medium Term Moving Average→ + see above), where pause favored.
If wrong, next levels at 1.3916 (see below), ahead of1.3889/ .3888 (reaction lows hourly) and 1.3866/ .3860 (weekly Uptrendline off March low/ weekly envelope bottom): tough on 1st attempts.
Resistance at 1.4060 (breakdown hourly), with next levels at 1.4120 (idem + daily envelope top), ahead of 1.4153/ .4178 (current week high/ June 11 high + see graph: neckline Double Bottom + daily Bollinger top), where pause favored.
If wrong, 1.4252/ .4266 = daily Downtrendline off Sept 2008/ monthly Bollinger midline: tough on 1st attempts.
USD/JPY: (96.85) Back in Triangle
EUR/GBP: (.8545) Back in channel off .9082
EUR/JPY: (135.93) Above flag
