In this video, the Trader Guy looks at the currency pairs USD/JPY and AUD/USD for the August 24th session.
USD/JPY — The Friday session saw the market forming a neutral candlestick. You could see a sideways price action and this is a market seen as good for scalpers. The Fed is flooding the market with dollars. So, you should fade rallies, and sell them on signs of exhaustion.
AUD/USD — The Aussie is now making a pullback. The area from 0.7100 to 0.7000 is seen as an area of support. When you look at the weekly chart, you have this shooting star candlestick preceded by hammer candlesticks. The next support comes down at 0.6800.