Rebound off 1.4480 puts the pair back above channel off 1.3832 (see graph)
Support area at 1.4648/ .4645 (daily Bollinger midline/ today’s low?), with next levels at 1.4593 (reaction low hourly), ahead of 1.4582/ .4577 (current week low/ daily envelope bottom), where pause favored.
1.4512/ .4505 = daily Bollinger bottom/ daily Long Term Moving Average↑): tough on 1st attempts.
Resistance at 1.4721/ .4725 (reaction highs hourly), with next levels at 1.4758/ .4766 (76.4% 1.4845 to 1.4480/ breakdown hourly + weekly envelope top) and 1.4777/ .4784 (broken weekly channel bottom off 2002 low/ daily Bollinger top), where pause favored.
If wrong, next levels at 1.4821/ .4845 (broken monthly channel bottom off 2002 low/ last week high + Equality C wave off 1.2457): tough on 1st attempts amid bearish divergences.
USD/JPY: (89.14)New reaction low scored but official beginning to have cold feet again
EUR/GBP: (.9203) Below Uptrendline off .8769
EUR/JPY: (131.14) In Falling Wedge pattern
