Pair currently below Flag bottom and below 1.3639 (see graph) on renewed EMU jitters and back in the daily channel off Dec high (top at 1.3565 today): Support area at 1.3503/ .3493 (last week low/ 1st target off 1.3639), with next level at 1.3470 (daily Bollinger bottom), where pause favored.
If wrong, next levels at 1.3462/ .3459 (daily envelope bottom/ 2nd target off 1.3639), ahead of 1.3433 (reaction low off 2009 high) and 1.3405 (61.8% 2008 low to 1.5145 + weekly envelope bottom): tough on 1st attempts.
Resistance at 1.3565/ .3578 (see above/ breakdown hourly), with next levels at 1.3591 (daily envelope top), ahead of 1.3633/ .3645 (daily Short Term Moving Average↓/ daily Medium Term Moving Average↓), where pause favored.
If wrong, next levels at 1.3663 (breakdown hourly), ahead of 1.3700/ .3713 (weekly envelope top/ breakdown hourly): tough on 1st attempts.
USD/JPY: (90.50) Above Downtrendline off 92.16
EUR/GBP: (.9039) Back above .8982
EUR/JPY: (122.25) Below Flag off 119.77
