The first ones are for EUR/USD at the 1.0450 and 1.0475 levels. Price action is caught in between that and things are a bit tricky for EUR/USD now after the failed attempts to firmly break above the 1.0500 mark.
Then, there is one for USD/JPY at the 150.00 level. I don't quite see that coming into play all too much though. The 100-hour moving average, now seen at 149.50, is keeping any upside momentum at bay. Meanwhile, the January low of 148.63 is helping to lock any downside momentum in the bigger picture. So, those two are still the more critical levels to watch out for on the week.
For more information on how to use this data, you may refer to this post here.
This article was written by Justin Low at www.forexlive.com. Read More Details
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