The video analyzes GBPUSD and USDX using a 4-hour timeframe. For GBPUSD, the analyst identifies three factors that led to a short position at 1.3538. These factors include resistance off a higher timeframe, a lower high, and a break below an ascending channel. A key target is identified at 1.3384 a single print level. Resistance is identified at the top of a descending channel and previous lows around 1.3469. The analyst is short with 100 pips profit. For USDX, the analyst notes a break above a descending channel and a potential retest on Wednesday, leading to a bounce into 98.50-98.60 resistance. Support is 97.71. Overall, analyst likes being short on GBPUSD and is neutral in USDX.