In this video, the Trader Guy looks at the currency pairs USD/JPY and AUD/USD for the August 14th session.
USD/JPY — The market initially rallied and then pulled back on Thursday session. The 17.50 level now looks pivotal in this market. It looks like this market could likely roll over again. So, rallies that show signs of exhaustion are to be sold.
AUD/USD — The Aussie looks likely to consolidate between the 0.7100 level and the 0.7000 level. The area below is massively supportive. Further to the downside, the 0.6800 level could offer support. So, in the meantime, buying on dips will work. There is not enough volatility in this market at the moment. So, this is also a market seen as good for scalpers.