In this video, the Trader Guy looks at the currency pairs USD/JPY and AUD/USD for the February 14th session.
USD/JPY — The 110.00 level is causing strong resistance. So, this market needs a pullback. To the downside, the 50-day EMA, and the bottom of this ascending channel will offer support. A break above the 110.00 level is significant and you can aim for the 115.00 level.
AUD/USD — The Aussie is starting to show some signs of resiliency. If the Coronavirus situation in China comes under control, then the Aussie will find support, and rally from here. The 0.6700 level could then be the bottom for this pair. The market is trading above the area, which was the top of the consolidation during the financial crisis. So, be patient, and aim for the upside for a good risk to reward ratio.