Drop from 1.4845 (bearish Dark Cloud) retesting the broken channel off 1.3832 and currently back in the inverted channel off June low (top at 1.4716 today), with 1.4611 being tested (see graph)
Support area at 1.4561/ .4554 (reaction low hourly/ daily Bollinger midline), with next levels at 1.4515/ .4502 (medium term reaction lows hourly).
1.4438/ .4429 = break-up hourly/ daily Long Term Moving Average↑: ideal area to stay above to keep current medium term mood intact on €.
Resistance at 1.4674 (breakdown hourly), with next levels at 1.4712/ .4721 (weekly Bollinger top/ today’s high?), ahead of 1.4750/ .4766 (daily envelope top/ breakdown hourly), where pause favored.
If wrong, next levels at 1.4803 (reaction high hourly), ahead of 1.4845/ .4867 (last week high + Equality C wave off 1.2457/ Sept 2008 spike) and 1.4899 (weekly envelope top): tough on 1st attempts, amid overbought readings and threat of bearish divergences in the making.
USD/JPY: (89.41) Retested broken channel top
EUR/GBP: (.9220) New recovery high on move back above channel off .8453
EUR/JPY: (130.45) Reapproached broken channel top
