Rebound from minor new year low puts the pair currently above 1.3693 (see graph) and 1.3668 (daily channel top off Dec high): Support area at 1.3726/ .3721 (daily envelope bottom/ break-up hourly), with next levels at 1.3689 (daily Short Term Moving Average↑), ahead of 1.3668 (see above) and 1.3640/ .3626 (daily Medium Term Moving Average↑/ weekly envelope bottom + reaction low hourly), where pause favored.
If wrong, next levels at 1.3537/ .3630 (last week low/ March 05 low): tough on 1st attempts.
Resistance at 1.3770/ .3778 (daily Bollinger top/ today’s high?), with next level at 1.3796/ .3804 (current reaction high off 1.3433/ daily projection band top), where pause favored.
If wrong, next levels at 1.3837/ .3840 (23.6% 1.5145 to 1.3433 + daily and monthly envelope tops/ Feb 09 high) and 1.3871 (38.2% 1.4580 to 1.3433): tough on 1st attempts.
USD/JPY: (90.59) Has 2nd target off 89.51
EUR/GBP: (.9059) In channel off .8665
EUR/JPY: (124.48) Below Flag off 120.70
