The Risk Today:
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EurUsd corrective recovery is holding above 1.2514, a break here would refocus 1.2389. Near term resistance stands at 1.2641 – strong resistance remains at 1.2707. Bearish sentiment persists, near-term support found at 1.2566 via 1.2602.

GbpUsd recovery defines interim support at 1.4295; however cable needs to clear 1.4610 to rid itself of its near-term pressure. Initial resistance at 1.4335.

UsdJpy Can Yen decline be sustained, pressure building on advance. Pair continues to rise on wedge formations. Initial support at 93.31, on the upside we are aiming for 94.46.

UsdChf continued advance as Swissie falters; rise above 1.1827 sets tone for days to come – would pave the way for 1.2252. Initial resistance at 1.1890, support at 1.1827.