Daily Long Term Moving Average↑ (1.3982 today) managed to act as Support in recent downmove, with pair having retested 1.4178 (see graph: neckline Double Bottom).
Support area at 1.4087/ .4076 (daily envelope bottom + daily Short Term Moving Average↑/ break-up hourly), with next levels at 1.4018 (reaction low hourly), ahead of 1.3993/ 1.3982 (daily Medium Term Moving Average↑/ current week low + daily Bollinger midline + see above), where pause favored.
If wrong, next levels at 1.3889/ .3888 (reaction lows hourly) and 1.3866/ .3860 (weekly Uptrendline off March low/ weekly envelope bottom): tough on 1st attempts.
Resistance at 1.4179 (daily Bollinger top), with next levels at 1.4202/ .4211 (current week high/ weekly envelope top), ahead of 1.4247/ .4266 = daily Downtrendline off Sept 2008/ monthly Bollinger midline: tough on 1st attempts
USD/JPY: (96.62) Reapproaching 97.08
EUR/GBP: (.8575) Reapproached .8605
EUR/JPY: (136.38) Above flag
