Rebound off 1.4480 puts the pair back above channel off 1.3832 (see graph) and retesting reinstalled inverted daily channel top off June low (1.4777 today).
Support area at 1.4674/ .4661 (daily Short Term Moving Average↑/ daily Bollinger midline), with next levels at 1.4650 (reaction low hourly + daily envelope bottom), ahead of 1.4593/ .4582 (reaction low hourly/ current week low), where pause favored.
1.4531 = daily Bollinger bottom + daily Long Term Moving Average↑: tough on 1st attempts.
Resistance at 1.4773/ .4777 (today’s + current week high? + daily envelope top/ broken weekly channel bottom off 2002 low + see above), ahead of 1.4796/ .4803 (daily Bollinger top/ reaction high hourly), 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), ahead of 1.4867/ .4897 (Sept 2008 spike/ daily Starc top): tough on 1st attempts amid bearish divergences.
USD/JPY: (88.28)Testing daily Bollinger bottom
EUR/GBP: (.9228) Testing redrawn Uptrendline off .8769
EUR/JPY: (130.27) In channel off 138.72
