Dollar Versus Franc and Yen December 28th

FX Strategy Video > Currency Pairs Analysis

USD/CHF fell during the low volume session on Tuesday. The pair continues to find support at former resistance in the 0.93 area. The pair looks like a no-brainer to the upside, but the resistance at 0.95 will have to be overcome first for it to be a long-term buy and hold pair.

USD/JPY fell during the session, and is forming a massive triangle. It looks fairly bullish, but the 80 mark has to be overcome in order for any real strength to be believed. Either way, we are watching the triangle for a breakout.

Published on 27th of December 2011
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