In this video, the Trader Guy looks at the currency pairs USD/JPY and AUD/USD for the October 14th session.
USD/JPY — The market made a strong move to the upside, testing the 200-day EMA for resistance. To the upside, the 109.00 is major resistance. So, this market could roll over again. Also, keep in mind that the ongoing US-China trade talks have a high influence on this market. If risk-off sentiment dominates this market, then the 105.00 level is the target to the downside. So, fading price action to the upside is the way to play this market at the moment.
AUD/USD— This pair is also sensitive US-China trade talks at the moment. To the upside, the 0.6800 level will offer strong resistance. A break above this level is bullish and the 0.6900 level is the next target. If it fails to break above, once again the market will make its way towards the 0.6700 level.
