EURUSD: The buyers are more in control in the EURUSD. In the video below, I show why and what is needed to keep them in control.
USDJPY: The USDJPY has a strong ceiling at 153.27 with highs from early October and today, putting a cap on the upsde. A move above the level is needed to increase the bullish bias. On the downside, The rising 100 hour MA at 152.47, will force a break _ one way or the other – in the new trading day.
AUDUSD: The AUDUSD moved above the 100 day MA, a swing area between 0.65389 and 0.6544 and the 38.2% within that swing area at 0.65418. Stay above all those levels, and the buyers are in firm control with the 50% of the move down from the September high as the next key tarrget at 0.6577. Move above it and there is more room for more buying.
This article was written by Greg Michalowski at investinglive.com.