Dollar Versus Franc and Yen November 28th

FX Strategy Video > Currency Pairs Analysis

USD/CHF had a bullish session for Friday, finally breaking above the 0.93 handle. The pair now looks set to continue higher, and the buying of the USD in general should continue to put pressure on it to rise.

USD/JPY had a very positive day on Friday, but the trend is down, and this pop in prices should invite selling sooner or later. The pair is still bearish for the short-term until we close above the 0.80 level. The barrier there seems very strong, and as a result, we only sell when we see signs of weakness.

Published on 25th of November 2011
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