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Bitcoin is pausing after the massive surge over the past few days. Resistance is at all-time high at 4480 (17/08/2017 high). Hourly support lies very far at 2403 (26/07/2017 low). The road is wide open for another bullish move.

In the long-term, the digital currency has had an exponential growth. There are decent likelihood that the asset will consolidate above $1500. Long-term support is given at $1464 (04/05/2017 low).

EUR/CHF's volatility is important. Hourly support is located at 1.1260 (04/08/2017 low). Expected to show further consolidation.

In the longer term, the technical structure has reversed. Strong resistance at 1.1200 (04/02/2015 high) has been broken. Yet,the ECB's QE programme is likely to cause persistent selling pressures on the euro, which should weigh on EUR/CHF. Supports can be found at 1.0184 (28/01/2015 low) and 1.0082 (27/01/2015 low).

EUR/GBP is trading around its highest levels of the year. Hourly resistance lies at 0.9415 (07/10/2017 high). Hourly support is given at a distance at 0.8742 (16/06/2017 low). Downside risks are nonetheless important.

In the long-term, the pair has largely recovered from recent lows in 2015. The technical structure suggests a growing upside momentum. The pair is trading above from its 200 DMA. Strong resistance can be found at 0.9500 psychological level.

AUD/USD's short-term technical structure is reversing. Hourly support can be found at 0.7786 (18/07/2017 low). Hourly resistance is given at 0.8066 (27/07/2017 high). Expected to show continued growth.

In the long-term, we are waiting for further signs that the current downtrend is ending. Key supports stand at 0.6009 (31/10/2008 low) . A break of the key resistance at 0.8295 (15/01/2015 high) is needed to invalidate our long-term bearish view.

USD/CAD is having some weakness. Hourly support is given at a distance at 1.2414 (27/07/2017 low). Expected to show continued short-term bearish move.

In the longer term, the pair has broken longterm support that can be found at 1.2461 (16/03/2015 low) before bouncing back. Strong resistance is given at 1.4690 (22/01/2016 high). The pair should head further lower.

USD/CHF is pushing lower. Resistance is given at 0.9771 (15/06/2017 high). Hourly support lies at at 0.9584 (08/11/2017 low). Expected to to push even lower.

In the long-term, the pair is still trading in range since 2011 despite some turmoil when the SNB unpegged the CHF. Key support can be found 0.8986 (30/01/2015 low). The technical structure favours nonetheless a long term bullish bias since the unpeg in January 2015

USD/JPY's bearish pressures are on despite ongoing consolidation. The pair is heading back towards former support at 108.83 (17/04/2017 low). Expected to show another leg lower.

We favor a long-term bearish bias. Support is now given at 96.57 (10/08/2013 low). A gradual rise towards the major resistance at 135.15 (01/02/2002 high) seems absolutely unlikely. Expected to decline further support at 93.79 (13/06/2013 low).

GBP/USD is edging lower. Hourly resistance is given at 1.2917 (18/08/2017 high). Hourly support can be found at 1.2812 (12/07/2017 low). Expected to show continued bearish pressures.

The long-term technical pattern is even more negative since the Brexit vote has paved the way for further decline. Long-term support given at 1.0520 (01/03/85) represents a decent target. Long-term resistance is given at 1.5018 (24/06/2015) and would indicate a long-term reversal in the negative trend. Yet, it is very unlikely at the moment.

EUR/USD short-term bullish pressures are on. Hourly resistance can be found at 1.1910 (02/08/2017 high) while hourly support ies at 1.1613 (26/07/2017 low). Expected to show further very short-term buying pressures.

In the longer term, the momentum is now turning largely positive. We favour a continued bullish bias. Key resistance holding at 1.1871 (24/08/2015 high) has been broken while strong support lies at 1.0341 (03/01/2017 low).

• Geopolitical tensions could reignite at any moment;
• USD rallies ahead of Yellen appearance at Jackson Hole;
• EUR lower as traders anticipate dovish Draghi speech on Friday.

Risk appetite is gradually returning to the markets again on Tuesday, although sentiment is likely to remain very fragile given the events of the past couple of weeks.

Geopolitical risk may have subsided for now, it still feels like we're always on the cusp of an escalation between the US and North Korea, especially in a week in which military exercises are being carried out in the South. While the exercises were planned a long time ago between the US and South Korea, the antagonising nature of them could provoke a response from North Korea which would could easily trigger another run to safety.

The US dollar is recovering once again from the political drama in the US last week. The greenback has understandably shown itself to be vulnerable to the political situation in the US and last week's events did nothing to help the currency. A quieter start to the week is providing some support for the dollar today but it continues to languish not far from its recent lows, with the potential for the situation to deteriorate rapidly once again still high.

Today's moves in the dollar may also be a reflection of expectations for this Friday's Jackson Hole appearance by Federal Reserve Chair Janet Yellen. The event is seen as the ideal platform for the Fed Chair to prepare the markets for a balance sheet reduction announcement in September while also providing an update on the central bank's position on interest rates. A number of policy makers have voiced concern about inflation in recent months, casting doubt on whether another rate hike this year will happen. Should the dollar continue to make gains in the coming days, it may suggest that traders are anticipating a more hawkish Yellen on Friday.

ECB President Mario Draghi is expected to keep his cards very close to his chest when he speaks at the event. Draghi will be keen to avoid any further mishaps, having unintentionally misled traders last month which was later corrected by other ECB officials. With the euro already trading at high levels – noted by the ECB in the recent minutes – Draghi may deliver as dovish a message as is possible while leaving the door open to tapering in the coming months. This expectation may be weighing on the euro today, along with the disappointing ZEW economic sentiment number from Germany, which worryingly fell for a third consecutive month to a 10-month low.

Another quiet day on the economic calendar lies ahead, with Canadian retail sales the only notable release.