Rebound from minor new year low puts the pair in Flag (see graph) and currently above 1.3647 (daily channel top off Dec high): Support area at 1.3659 (reaction low hourly), with next levels at 1.3647/ .3639 (see above + daily Medium Term Moving Average↑/ current week low + daily envelope bottom), ahead off 1.3626/ .3616 (weekly envelope bottom + reaction low hourly/ daily Bollinger midline), where pause favored.
If wrong, next levels at 1.3537/ .3630 (last week low/ March 05 low): tough on 1st attempts.
Resistance at 1.3734/ .3740 (breakdown hourly/ daily Bollinger top), with next level at 1.3756 (daily envelope top) and 1.3778/ .3796 (current week high/ current reaction high off 1.3433), where pause favored.
If wrong, next levels at 1.3837/ .3840 (23.6% 1.5145 to 1.3433 + monthly envelope top/ Feb 09 high) and 1.3871 (38.2% 1.4580 to 1.3433): tough on 1st attempts.
USD/JPY: (90.12)Trying to extend below 90.16
EUR/GBP: (.9097) In channel off .8665
EUR/JPY: (123.42) Testing Flag bottom off 119.77
