EurUsd USD bearish sentiment is near historic extremes. Although the euro is holding above its previous closeness  area, later this month, we expect topping signs against the Dec peak 1.4720.

GbpUsd The topping risks are increasing. A move below 1.6580 this level would likely trigger a deeper pullback.

UsdJpy range is well defined between 94.30/95.90 and a recovery above 96.40 is needed to change this ranging outlook and for USD/JPY to squeeze higher still.

UsdChf USDCHF remains neutral in the short term, though if the USD downtrend is to continue into next week, we prefer to see a close below 1.0590

Tags:  EUR GBP risk