EURUSD -- 1.1318
Smallish support comes in by the ascending green trend line. Anyway bias of the price action is more to the downside and I am expecting a break soon. A more important level is the 1.1273 low which has been supporting the Euro since the beginning of the year. Above the 50 ema (1.1371) the short scenario is under threat again.
GBPUSD -- 1.3493
Our advice to cut longs ahead of the 200 dma was right. Sterling is now trading back in the downtrend channel against the Dollar. Testing the major support zone at 1.3513 (recent high), 1.3506 (50 ema) and 1.3500 (big figure) it is to late to setup a short trade. Bold traders tend to go long with a tight stop here.
USDJPY -- 113.71
Since the new years high at 116.35 the currency pair has been offered. The recent sell has just took back the gains the pair had made in thin holiday trading between 20dec21 and 04jan22. You can toss a coin from these spot levels but I expect the downside to be slightly weaker as long as the Dollar trades below the 114.25/00 treshold.
AUDUSD -- 0.7137
The Aussie has suffered from weak risk sentiment and with the FED rate decision looming on wednesday (Central Bank Calender 2022) the pressure might hold on for now. Should Powell really announce a 50bp rate hike for march (I expect 25 bp) or will he calm markets? Anyway the Aussie is approaching the important support zone around 0.7090 / 0.7080.
Good luck,
Sebbo