In this morning video on October 31, 2023, I kickstart the Forex trading day with a technical look at the EURUSD, USDJPY and GBPUSD. What are the biases, the dangers, the targets for these three main foreign money pairs?

EURUSD: The EURUSD transfer larger largely helped by the surge in main crosses in opposition to the JPY after the Bank of Japan disillusioned these trying for a change in coverage. That rise to the upside stalled the top of the highs from final week between 1.0677 and 1.06935. The excessive value reached 1.0674. The US employment value index reversed the main target from the tip again into the US greenback because the FOMC fee resolution looms forward (tomorrow at 2 PM ET). That takes the value again towards the swing space between 1.0608 and 1.0616. Recall that the 1.06108 is the 38.2% retracement of the transfer up from the September 2022 low. That degree comes between the swing space.

USDJPY: The USDJPY surge larger after the Bank of Japan rate of interest resolution and within the course of has now prolonged above the excessive value from final week at 150.772. The market is much less terrified of the 150.00 degree given the Bank of Japan resolution, and now solely has the swing excessive going again to October 2022 at 151.938 to get the pair to a multi-decade excessive for the pair. Close assist is now the excessive from final week at 150.77.

GBPUSD: The GBPUSD moved larger (just like the EURUSD) as merchants pushed into the GBPJPY after the BOJ resolution.The excessive value prolonged towards 1.22000 degree however has rotated again to the draw back after the upper US employment value index. On the draw back the 200 are shifting outcomes in a 1.2148. That is the following goal adopted by the 100 hour shifting common of 1.2127.