The Risk Today:
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EurUsd Positive risk sentiment continues to drive the pair higher. Break above 1.3412 reinstates the up-trend and exposes 1.3491 (200 day ma) then 1.3582 Apr 6 high. Intra-day positive above 1.3192.

GbpUsd Positive risk sentiment (USD selling) continues to drive sterling higher against the dollar taking out all resistance. Close above 1.4920 implies that cable can push higher towards 1.5373. However, the wave pattern suggests a pullback to 1.4820/30.

UsdJpy Sharp recovery from 95.63 is now focused on the psychological 100 lvl. We expect a short period of consolidation above 90.0 then a continuation of bullish momentum and a test of resistance. A break would expose 100.43 Apr 14 high. Near term support at 98.65 (5 day ma)

UsdChf After frequent spikes below 1.1300 the pair in now firmly trading under 1.1383 (200d ma). This bearish signal should lead to a test of 1.1271/41 support range ahead of 1.1160 horizontal support. Intra day drift should be capped by 1.1383 resistance before the pair resumes its bearish spiral.