Testing daily Long Term Moving Average↑ (1.3985 today), which managed to act as Support in recent downmove, with pair having failed in its retest of 1.4178 (see graph).
Support area at 1.3938/ .3934 (today’s + current week low?/ daily projection band bottom), with next levels at 1.3888 (reaction lows hourly), ahead of 1.3866/ .3860 (weekly Uptrendline off March low + daily envelope bottom/ weekly envelope bottom): tough on 1st attempts.
Resistance at 1.4035/ .4038 (daily envelope top/ daily Short Term Moving Average↓), with next levels at 1.4109 (reaction high hourly), ahead of 1.4163 (daily Bollinger top), where pause favored.
If wrong, 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: (95.97) Reapproached 97.08
EUR/GBP: (.8540) Retested .8605
EUR/JPY: (134.27) Back above flag
