ROBIN WILKIN, TECHNICAL ANALYST AT JP MORGAN

* EURO/DOLLAR: "Looking at the European currencies, prices look set to see further strength against the dollar in general. However, euro/dollar is approaching the key neckline resistance level at $0.8905."
*: DOLLAR/YEN:: "Dollar/yen continues to push lower towards initial targets at 122.70/50, after topping out at 124.55. This may well complete the first stage of a much larger short-term correction phase, targeting 122.15/121.55. As such, we are wary of a near-term rebound from 122.70/50, which will merely provide a fresh selling opportunity."
* :DOLLAR/SWISS FRANC:: "Dollar/Swiss has held over trendline support near 1.6400."
* :STERLING/DOLLAR:: "Cable is the clearest pattern (of the Europen currencies) at this stage and the one we should focus on, as yesterday's gains through $1.4205 triggered a head and shoulders base, and as such while over there we target $1.4350/60 in the coming sessions."
*: EURO/STERLING:: "This may well be the pressure we have been looking for on euro/sterling, with a break of 62.10 key support triggering a sharper sell-off in this cross rate."
* :EURO/YEN:: "Interestingly, euro/yen has pulled back to the bottom of the current bull channel and the waning momentum continues to highlight the risk of a break to the downside.