In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the January 14th session.
EUR/USD — The trading session was initially bullish, but then the market rolled over to see a sideways price action. The 1.2150 level could be tested for support. The next support could come at 1.20. So,
GBP/USD — The pound looks overbought at the moment. Pullbacks should find support at the 1.35 level and are buying opportunities. The next target to the upside could be the 1.3750 level, which could be psychologically significant. A break above this level, then the next target could be the 1.40 level. The 50-day EMA below could be the floor in this market.