New recovery high above channel off 1.3832 (see graph).
Support area at 1.4590 (daily Short Term Moving Average↑), with next levels at 1.4571 (daily envelope bottom + break-up hourly), ahead of 1.4515/ .450 (reaction lows hourly) and 1.4486 (weekly envelope bottom).
1.4438/ .4416 = break-up hourly/ daily Medium Term Moving Average↑: ideal area to stay above to keep current short term mood intact on €.
Resistance at 1.4654/ .4657 (daily Bollinger top + current recovery high off 2008 low/ inverted daily channel top off 1.3748), where pause favored.
If wrong, next levels at 1.4708/ 1.4719 (daily envelope top/ 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): tough on 1st attempts, amid overbought readings and threat of bearish divergences.
USD/JPY: (91.07) Back above channel off 97.79
EUR/GBP: (.8796) Retested channel top off .8458
EUR/JPY: (133.07) Currently back above channel off 138.72
