The Risk Today:
---------------------
EurUsd Rebound from 1.2514 is confirmed by breaking 1.2624. Upwards momentum passed 1.2707 (former support) would open the way for 1.2802. However renewed dollar strength below 1.2624 (38.20% retracement on 1.2802 – 1.2514 move) leaves 1.2514 exposed – before 1.2389.

GbpUsd Bearish sentiment prevails, initial support at 1.4342 then sees 1.4295 as a target (23.60% and 38.20% respectively) – strong support at 1.4238 – persistent tone under 1.4610 has eyes riveted on 1.4095 low of Feb 18th. On the upside mid-term view stands at 1.4610 Feb 13th high, which leaves 1.5000 open.

UsdJpy current intraday wedge formation shows the pair is consolidating in preparation for a breakout. Short term support stands at 92.99 (23.60% retracement on 89.80 – 93.97 move) while intraday support stands at 92.11 which leaves the doors open for 91.57. On the upside strong support at 94.66 in the mid-term, via 93.97.

UsdChf Rise above 1.1789 targets 1.1828 (Feb 18th high). Near-term constructive above 1.1560/1.1511 support range with lower support of range strong – which gives way for 1.1403.