What levels are in play for the major currency pairs to start the new trading week?

<p>The EURUSD is moving sideways today. The USDJPY is moving higher. While the GBPUSD is continuing its ups and downs . Both the EURUSD and the GBPUSD are trading between the 100/200 hour MAs. The USDJPY is more bullish but is finding some resistance selling near the 50% midpoint of the move down from the November 1 high.</p><p>This video, explains and outlines the technicals in play as the Martin Luther King Day observance comes to an end, and the new trading begins. </p>

This article was written by Greg Michalowski at www.forexlive.com.