New recovery high above channel off 1.3832 (see graph), above the inverted channel top off June low (1.4670 today) and trying to extend above 1.4719 (Dec 18 2008 high + neckline of massive daily Double Bottom).
Support area at 1.4670/ .4658 (daily envelope bottom + see above/ daily Short Term Moving Average↑), with next levels at 1.4621 (break-up hourly): ideal area to stay above to keep current short term mood on €..
1.4438/ .4420 = break-up hourly/ daily Bollinger midline: ideal area to stay above to keep current medium term mood intact on €.
Resistance at 1.4738/ .4748 (current recovery high off year low/ weekly envelope top), with next levels at 1.4758/ .4762 (daily Bollinger top/ broken weekly Uptrendline off March low) and 1.4781/ .4800 (daily envelope top/ see graph: channel top off 1.4191), where pause favored.
If wrong, next levels at 1.4845 (Equality C wave off 1.2457), ahead of 1.4867/ .4880 (Sept 2008 spike/ daily Starc top): tough on 1st attempts, amid overbought readings and threat of bearish divergences in the making.
USD/JPY: (91.10) Back above channel off 97.79
EUR/GBP: (.8928) New recovery high on break back above channel top off .8458
EUR/JPY: (134.25) Back above channel off 138.72
