Rebound from minor new year low puts the pair in Flag (see graph) and above 1.3630 (daily channel top off Dec high), with daily Bollinger top under test (1.3783): Support area at 1.3759 (reaction low hourly), with next levels at 1.3733/ .3716 (daily Short Term Moving Average↑/ reaction low hourly + daily envelope bottom), ahead off 1.3679/ .3663 (broken daily Long Term Moving Average↓/ daily Medium Term Moving Average↑), where pause favored.
If wrong, next levels at 1.3639/ .3626 (current week low/ weekly envelope bottom + reaction low hourly): tough on 1st attempts.
Resistance at 1.3796 (March 12 high), with next levels at1.3837/ .3840 (23.6% 1.5145 to 1.3433 + daily/ monthly envelope tops/ Feb 09 high) and 1.3849 (1st target off 1.3693), where pause favored.
If wrong, next levels at 1.38711.38 (38.2% 1.4580 to 1.3433), ahead of 1.3915 (weekly envelope top): tough on 1st attempts.
USD/JPY: (90.58) Testing Downtrendline off 92.16
EUR/GBP: (.9060) Below channel off .8665
EUR/JPY: (124.92) In Flag off 119.77
