FXstreet.com (Barcelona) - The Dollar broke yesterday below the last three day's upward channel -coming from 90.70 low- and, after hitting 92.05 high, the pair has given away all gains retreating to levels below 91.00 at European opening Friday, as the pair approaches Jan 12 low at 90.75.
On the downside initial support level lies at the mentioned 90.75 (Jan 12/14 low), and below here, 90.45 (100-day MA) and 90.35 (38.2 Fib retracement of the Nov-Jan rally). On the upside, resistance levels lie at 91.55 (Jan 13 high), and above here, 92.05 (Jan 14 high), and 92.45 (Jan 12 high).
EUR/JPY rally from Wednesday's low at 131.50 was capped on Thursday at 133.65, and the Euro pulled down as Yen strengthened across the board, dipping to levels below 131.25 to a fresh 3-week low at 131.00 at the moment of writing. Next support levels lie at 130.90 and 130.50/55. Resistance levels are 132.25/40 and 133.00/15.