USDJPY & USDCHF lower in early trading to start the new week. What next technically?

The USD is continuing its run to the downside today with the USDJPY and the USDCHF making some of the biggest moves.Last week, Fed Chair Powell paved the way for a cut at the September meeting. Today lower US yields are also helping the dollars move lower.

In this video, I take a look at the technicals that are driving these pairs lower and what is next technically for each.

This article was written by Greg Michalowski at www.forexlive.com. Source