In this video, the Trader Guy looks at the currency pairs USD/JPY and AUD/USD for the October 1st session.
USD/JPY — The trading session was initially bullish on Wednesday, but then the market gave back the gains, as the 50-day EMA offered strong resistance. Rallies are likely to be capped and you can sell them on signs of exhaustion.
AUD/USD — The Aussie tested the 50-day EMA for resistance. The area below 0.7100 is massively supportive. A break above the top this candlestick is bullish and the 0.7300 level could be the next target to the upside.