EURUSD -- 1.0976
The currency pair has shown some eratic movement between the 50 ema (1.0976) and the next resistance at the 1.1033 level since a couple of days. Within this narrow price range I would not jump on a directional trade right now. Above the mid Bollinger band (1.1081) together with the 1.1100 mark the short-scenario is over for now. On the other hand, longs below 1.0900 and the lower Bollinger band (1.0883) are at risk.
GBPUSD -- 1.2727
Sterling failed to hold support at 1.2850 last week Monday and is now trying to regain the 50 ema. However, this also corrected the extreme July rally, and technically the currency pair could be heading back to the old uptrend. Below the support zone at 1.2680, this possible scenario is over.
USDJPY -- 142.29
The sharp dip following the BoJ announcement to loosen its yield curve control (ycc) from a maximum allowed yield of 0.5% to 1.0% was more than reversed last week. In the medium term, however, I still favour the downside, as the ycc tweak was very likely just a first test of the BoJ. With inflation well above the 2% target, even the BoJ should soon follow the other central banks and raise rates.
AUDUSD -- 0.6565
Weeks of green candles on the stock market have not been able to help the Aussie. This is probably also due to the positioning of speculative investors, who were extremely long with positive risk sentiment behind them. At the moment, the Aussie is trading near the lows of the year again. On the one hand, this makes Aussie buying interesting again, on the other hand, many other players may see it the same way. In this respect, it is difficult to say whether it can really go up directly without a new low.
USDCHF -- 0.8757
The Swiss franc showed virtually the opposite behavior to the Australian dollar. Although risk sentiment had been good until the Fitch's downgrade, the Swiss franc rose sharply. In the process, the CHF even reached levels in July that we have not seen since January 2015. Below the 50 ema (0.8824) and the upper Bollinger band (0.8805), the short scenario is still valid. Above that, however, I would quickly get rid of shorts for the time being.
Good luck,
Sebbo