New recovery high above channel off 1.3832 (see graph): has met 1st target daily Double Bottom of f 1.3749 at 1.4593 and approached 1.4623 (61.8% 1.6040 to 1.2331).
Support area at 1.4541/ .4524 (broken daily Bollinger top/ daily envelope bottom), with next levels at 1.4505 (break-up hourly), ahead of 1.4448/ .4438 (daily Short Term Moving Average↑/ break-up hourly): ideal area to stay above to keep current short term mood intact on €.
Resistance at 1.4607/ .4623 (current week high/ see above), with next levels at 1.4639/ .4656 (inverted daily channel top off 1.3748/ daily envelope top), where pause favored.
If wrong, next levels at 1.4668/ .4677 (daily Starc top/ broken weekly Uptrendline off March low), ahead of 1.4719/ .4739 (broken weekly Uptrendline off 2002 + Dec 18 2008 high + neckline of massive daily Double Bottom/ broken monthly Uptrendline off Feb 2002 low): tough on 1st attempts, amid overbought readings and threat of bearish divergences.
USD/JPY: (91.96) Retested the broken channel top off 97.79
EUR/GBP: (.8806) Pair reapproaching channel top off .8458
EUR/JPY: (134.02) Currently above channel off 138.72 and above 133.77
