Rebound from 13484 failed at broken Uptrendline off year low, with pair back below 1.3653 (see graph: neckline Head&Shoulders Top): 1st target at 1.3436 has been met.
Support at 1.3467 (break-up hourly), with next levels at 1.3421 (current reaction low off 1.4248), ahead of 1.3405/ .3392 (76.4% 1.3145 to 1.4248/ 2nd target off 1.3653), where pause favored.
Failure to hold would see next levels at 1.3377 (monthly envelope bottom + daily modified Alpha Beta trend bottom), ahead of 1.3355/ .3344 (5th wave on hourly charts off 1.4248/ daily Bollinger bottom + daily envelope bottom): tough on 1st attempts.
Resistance at 1.3509 (daily envelope top + daily modified Alpha Beta trend top + daily Short Term Moving Average?), with next levels at 1.3540/ .3557 (reaction highs hourly) and 1.3591 (breakdown daily), where pause favored.
Failure to cap would see next levels at 1.3619 (reaction high hourly), ahead of 1.3644/ .3646 (idem/ daily Medium Term Moving Average?) and 1.3673 (50 Day Moving Average?): tough on 1st attempts.
USD/JPY: (76.91) New historic low triggered massive BOJ intervention
EUR/GBP: (.8552) Pair currently back above .8532/ .8531 area
EUR/JPY (103.64): Rebound off 100.77 has sent the pair testing the daily channel top off 123.33
Source http://www.fxstreet.com/technical/analysis-reports/forex-technical-analysis/2011-11-18.html