The news article highlights two important factors to consider. Firstly, in the EUR/USD currency pair, the significant level to watch is at 1.0495, which is close to the previously breached level of 1.0500. This level is expected to limit any upward movement and give sellers an opportunity to maintain downward momentum.
Secondly, attention is drawn to the USD/JPY currency pair, where the crucial level to monitor is at 150.00. This level may temporarily prevent a breakthrough, but the struggle to surpass it is psychological, as buyers want to exceed 150.00 without provoking Japanese authorities into intervening and pushing the price back down.
It is important to note that the article suggests further information on how to use this data is available at a provided link, which offers insight into option contracts and their impact on trading.
