EurUsd is at the end of its wedge formation of the past four weeks. There seems to be mounting pressure for a major break out; the only question remains in which direction. On the upside, 1.5983 is a target and important level. On the downside, if 1.5700 is broken, this could open the door to 1.5000.

GbpUsd sees strong support at 1.9745 and breaking through will open the next target to 1.9600. On the upside, a daily close above 2.0050 would continue the previous rally.

UsdJpy retracing to 104.64 and finding strong resistance. A break will expose 108.54. Risk remains high on the downside for a move to 100.00

UsdChf will push to 1.0535 if the retracement persists. 1.0000 holds as a major support and the bottom trend line of the latest consolidation.