Yesterday at this time, markets were in the middle of a dramatic reversal. Earlier declines in equities flipped sharply higher, with the Dow Jones Industrial Average surging more than 1,000 points at its peak. At the same time, yields—which had pushed up toward 4.44%—reversed lower and briefly moved into negative territory on the day. The USD followed a similar path, shifting from gains to losses.

The catalyst came from comments by President Trump indicating there would be no bombing of Iran’s energy infrastructure. That headline changed the tone quickly. It was a reminder that when geopolitical risk is repriced, markets can move fast.

Fast forward to today, and the tone is very different. There is no “easy money” on offer—at least not for those trying to chase yesterday’s move. Stocks are marginally lower, struggling to build on the prior session’s momentum. Interest rates have pushed back higher, with the 10-year yield moving closer to 4.40% from the 4.25% lows seen yesterday. Oil prices have also rebounded sharply, with the May contract back near $91 after trading down toward the $84 area at yesterday’s lows.

The USD is firmer as well, reflecting the shift back toward higher yields and a more cautious risk tone.

As traders, this is where the focus has to shift from headlines to levels.

In the video above, I walk through the three major currency pairs—EURUSD, USDJPY, and GBPUSD—from a technical perspective. What are the key levels in play? Where are traders leaning? What defines the bias?

Those levels matter because they define risk. They give traders a framework—not just for direction, but for discipline. If you can clearly identify where you’re wrong, you can manage the trade with confidence.

And that’s the goal: risk a little to make more than a little.

Watch the video, know your levels, and let the market work for you—not against you.