In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the January 13th session.
EUR/USD — The market has been bearish, but the 50-day EMA, and the 1.21 level look supportive. However, this market is in an uptrend. So, pullbacks are buying opportunities at the moment. The 1.23 level could be the next target.
GBP/USD — The pound exploded to the upside on Tuesday session. The 1.3750 is seen as the next target to the upside. The 1.35 level and the 50-day EMA look supportive. So, pullbacks are buying opportunities at the moment.