In this video, the Trader Guy looks at the currency pairs USD/JPY and AUD/USD for the February 19th session.
USD/JPY — The pair has been trading inside this ascending price channel. The trading session was initially bearish, but then turned bullish, as the US stock market showed more bullishness. The 110.00 level continues to offer resistance. To the downside, the 50-day EMA will offer support. So, you can expect choppy conditions to prevail in the market until the market finds a catalyst to break out in any one of the directions.
AUD/USD — As you can see on the daily chart,