EUR/USD: Solid rebound without approach to important 1.3539 support. Poised at topping resistance 1.3736/41, break aims quickly at 1.3788. Mid-month risk then to 1.3980

GBP/USD: Aggressive bullish ?outside? pattern to break out from last Tuesday?s range to target 1.6095/97. Critical above is the 2009-11 range resistance line at 1.6200

USD/JPY: Break below 81.85 points at 81.55, through which sees a still more defensive bias. 81.25/80.93 area should provide stronger support and a Q1 buying opportunity