In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the January 8th session.
EUR/USD — The euro rallied initially on Thursday session, but got sold off, and fell down drastically. However, this market could chop around for a while. The jobs number to be released could cause slight bearishness in this pair. The 1.21 level below looks supportive. So, look for pullbacks, and use them as buying opportunities.
GBP/USD — The pound is moving sideways at the moment. The 1.40 is seen as the next target to the upside. The 50-day EMA below will be supportive. So,