Welcome to the first trading week of the new year.
EURUSD -- 1.1284
The currency pair is capped below the daily 50 ema for now. In very thin conditions we have seen a spike to 1.1387 on nye. Since the pair is offered and the 1.13 level works a magnet again. I am still missing a final move lower below the 1.1174 support zone. A spot rate around 1.1130/20 could be a reasonable target.
GBPUSD -- 1.3487
The downward sloped channel is working well since a couple of months. As the pair approaches the upper side of the channel it might make sense to look for shorts again. Next resistances are the recent highs at 1.3535 and 1.3550. The upper descending trend line comes in around 1.3630 today. The 50 ema (1.3430) and the low of yesterday (1.3431) are delivering the decisive support level.
USDJPY -- 116.13
Since the 20dec21 the pair is bid on and today it has made it through 115.52 (high of 2021) finally. The currency pair is slightly overbought now and todays spike could turn out to be wrong. But shorts are not a good idea at this point. Moves in JPY can get huge and the next real resistance does not come before 118.66.
AUDUSD -- 0.7197
Although markets are celebrating the new year the Aussie lost some of its recent shine in a strong move down yesterday. From a sentiment perspective the currency pair should be well supported above 0.7170 if things not change dramatically. The resistance zone is formed by the 50 ema (0.7232) and 0.7224 (worked several times as support/resistance).
Good luck,
Sebbo