The USD moves a bit higher after the US retails sales. What technical levels are in play?

  • A technical look at the EURUSD, USDJPY and GBPUSD

The headline retail sales data was a little weaker than expected but the other components showed stronger underlying sales. That moved the USD a bit higher.

In the morning video report I take a look at the 3 major pairs:

and outline the key technical levels in play, the bias and the targets and explain why they are important.

Please give a thumbs up or thumbs down. Your feedback is also appreciated.

Good fortune with your trading.

USDJPY:

USDJPY
USDJPY moves higher away from the 200 hour MA.

GBPUSD chart. The pair is testing swing areas between 1.2046 to 1.20649.

GBPUSD

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