Kick off the April 23 FX trading day with a technical overview of EURUSD, USDJPY and GBPUSD.

In the Getting Started video, I look at the three major currency pairs, EURUSD, USDJPY, and GBPUSD, and describe the technical levels in play.

EURUSD rose in practice today, but found resistant sellers in the face of decline dating back to February 2024. This level was the old year low until breaking out a few years ago. weeks. Staying below this level at 1.0694 allows sellers to maintain further control.

USDJPY hit a new over 30-year high, hitting 154.855. 155.00 is seen as a level where the Bank of Japan could consider intervening to slow the yen’s decline. That said, the 100 hour moving average below 154.57 is untested. The current price is trading at 154.82. It would take a move below the 100 hour moving average to increase the bearish bias.

Speaking of the 100 hour moving average, this moving average was tested during early US trading on GBPUSD. This law arrives at 1.2406. In the future, this level should be exceeded to give buyers more confidence. Without it, sellers always have more control