New recovery high above channel off 1.3832 (see graph), above the inverted channel top off June low (1.4678 today) and currently above 1.4719 (Dec 18 2008 high + neckline of massive daily Double Bottom).
Support area at 1.4705/ .4689 (daily envelope bottom/ daily Short Term Moving Average↑), with next levels at 1.4621 (break-up hourly + daily projection band bottom): ideal area to stay above to keep current short term mood on €..
1.4438 = break-up hourly + daily Bollinger midline: ideal area to stay above to keep current medium term mood intact on €.
Resistance at 1.4762/ .4768 (broken weekly Uptrendline off March low/ current recovery high off year low), with next levels at 1.4798/ .4810 (daily Bollinger top/ daily envelope top), where pause favored.
If wrong, next levels at 1.4845 (Equality C wave off 1.2457), ahead of 1.4867(Sept 2008 spike) and 1.4903 (daily Starc top): tough on 1st attempts, amid overbought readings and threat of bearish divergences in the making.
USD/JPY: (91.23) Back above channel off 97.79
EUR/GBP: (.8980) .8988 = potential of channel break off .8458
EUR/JPY: (134.36) Back above channel off 138.72
