The Risk Today:
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EurUsd Momentary dollar weakness against the Euro sees the pair test a strong psychological support at 1.2900. Neutralizing the bearish trend would have need the pair to confirm a break above 1.3060. Initial support stands 1.2760, then focus on 1.2702.

GbpUsd Testing strong support at 1.4382 at time of writing. Confirming break below this level will renew the bear threat as it would exit from 1.4382 – 1.4662 broad range we have been trading this week. Initial resistance at 1.4422 with a cap at 1.4500.

UsdJpy Slowing of Yen bears as we near the 97.00 resistance. While we passed and traded above for some time, a failure to break from the 97.00 key level has set the stage for a rebound to the downside. Initial resistance at 96.80. Focus on support at 96.26.

UsdChf Trading around key level of 1.1600. Wedge formation around this level sets the stage for a breakout if we confirm a break above 1.1641. Initial support at 1.1552.