New recovery high above channel off 1.3832 (see graph), but with bearish Dark Cloud: currently toying back with the inverted channel top off June low (1.4702 today) and 1.4719 Dec 18 2008 high + neckline of massive daily Double Bottom).
Support area at 1.4683 (daily envelope bottom), with next levels at 1.4669/ .4653 (reaction low hourly/ daily Medium Term Moving Average↑ + daily Stop And Reverse): ideal area to stay above to keep current short term mood on €.
1.4438 = break-up hourly: ideal area to stay above to keep current medium term mood intact on €.
Resistance at 1.4770 (breakdown hourly), with next levels at 1.4794 (daily envelope top), where pause favored.
If wrong, next levels at 1.4845/ .4867 (current week high + Equality C wave off 1.2457/ Sept 2008 spike + weekly envelope top): tough on 1st attempts, amid overbought readings and threat of bearish divergences in the making.
USD/JPY: (91.49) New reaction low scored, but still above the channel off 97.79
EUR/GBP: (.9008) Has met potential of channel break off .8458
EUR/JPY: (134.61) Toying back with 134.41
