Drop from 1.4845 (bearish Dark Cloud) retested the broken channel off 1.3832 and currently pair back in the inverted channel off June low (top at 1.4742 today), with 1.4611 being retested (see graph)
Support area at 1.4611 (daily Bollinger midline), with next levels at 1.4565/ .4548 (reaction low hourly/ daily envelope bottom), ahead of 1.4526/ .4502 (current week low/ medium term reaction low hourly + daily projection band bottom).
1.4438/ .4437 = break-up hourly/ daily Uptrendline off March low: ideal area to stay above to keep current medium term mood intact on €.
Resistance at 1.4675/ .4680 (reaction high hourly/ idem + daily envelope top + see below), with next levels at 1.4712/ .4721 (weekly Bollinger top/ current week high), where pause favored.
If wrong, next levels at 1.4766 (breakdown hourly), ahead of 1.4803/ .4821 (reaction high hourly/ broken monthly channel bottom off 2002 low) and 1.4845/ .4867 (last week high + Equality C wave off 1.2457/ Sept 2008 spike): tough on 1st attempts amid bearish divergences.
USD/JPY: (89.96) Retested broken channel top
EUR/GBP: (.9172) Uptrendline off .8769 under threat
EUR/JPY: (131.60) Reapproached broken channel top
