New recovery high above channel off 1.3832 (see graph), but Doji like: has met 1st target daily Double Bottom off 1.3749 at 1.4593 and met 1.4623 (61.8% 1.6040 to 1.2331).
Support area at 1.4534/ .4522 (daily envelope bottom/ today’s low?), with next levels at 1.4502 (reaction low hourly + see graph), ahead of 1.4486 (weekly envelope bottom) and 1.4467/ .4438 (reaction low hourly/ breakup hourly): ideal area to stay above to keep current short term mood intact on €.
Resistance at 1.4597/ .4604 (daily Bollinger top/ reaction high hourly), with next levels at 1.4636 (last week high) and 1.4645/ .4655 (inverted daily channel top off 1.3748/ daily envelope top), where pause favored.
If wrong, next levels at 1.4719 (Dec 18 2008 high + neckline of massive daily Double Bottom), ahead of 1.4739/ .4748 (broken monthly Uptrendline off Feb 2002 low + broken weekly Uptrendline off 2002 low/ weekly envelope top) and 1.4762 (broken weekly Uptrendline off March low + daily Starc top): tough on 1st attempts, amid overbought readings and threat of bearish divergences.
USD/JPY: (90.42) Back in channel off 97.79
EUR/GBP: (.8752) Retested channel top off .8458
EUR/JPY: (131.54) Currently back in channel off 138.72
