Drop from 1.2920 puts the pair currently back below 1.2732 (see graph) and below the redrawn daily Uptrendline off year low (1.2750 today).
Support area at 1.2661/ .2659 (weekly envelope bottom/ current week low + daily envelope bottom), ahead of 1.2625/ .2614 (Aug 31 low/ modified daily Alpha Beta trend bottom), where pause favored.
If wrong, next level at 1.2588 (daily Bollinger bottom + Aug 24 low): tough on 1st tests.
Resistance at 1.2755 (daily Bollinger midline), with next levels at 1.2764/ .2775 (reaction high hourly + daily envelope top/ daily Short Term Moving Average↓), with next levels at 1.2789 (breakdown hourly), where pause favored.
If wrong, next levels at 1.2814/ .2831 (reaction high hourly/ breakdown hourly), ahead of 1.2872/ 1.2891 (breakdown hourly/ daily Long Term Moving Average↓) and 1.2923/ .2928 (Aug 18 high/ daily Bollinger top + daily modified Standard Error band top): tough on 1st tests.
USD/JPY: (83.77) New multi year low has been scored
EUR/GBP: (.8215) Approaching Uptrendline off .8143
EUR/JPY: (106.31) Reapproached new reaction low after failure at 109.56
