The EURUSD is moving sideways today. The USDJPY is moving higher. While the GBPUSD is continuing its ups and downs . Both the EURUSD and the GBPUSD are trading between the 100/200 hour MAs. The USDJPY is more bullish but is finding some resistance selling near the 50% midpoint of the move down from the November 1 high.
This video, explains and outlines the technicals in play as the Martin Luther King Day observance comes to an end, and the new trading begins.
This article was written by Greg Michalowski at www.forexlive.com. Source