EURUSD: The EURUSD gapped marginally lower (in relation to the previous week) as tariff fear continue to increase inflation fears, However, prices rebounded higher only to find resistance sellers within a swing area between 1.0330 and 1.0343. The 38.2% retracement of the move down from January 24 high is also in play at 1.03329. Staying below that swing area keeps the sellers more control today and going forward.
USDJPY: The USDJPY fell below its important 100 and 200 day moving averages which are near converged at 152.70 today. Going forward, staying below those two moving averages keeps the sellers more in control. The current prices trading at 151.80. The low price on Friday bottom that 150.92 on two separate tests. Getting below that double bottom is needed to increase the bearish bias. A closer target comes in at 151.498. That level represents the 38.2% retracement of the move up from the 2024 low to the January 2025 high.
GBPUSD