Dollar Versus Pound and Yen July 6th

FX Strategy Video > Currency Pairs Analysis

GBP/USD had a bearish session on Thursday, but managed to find a bit of support just below the 1.55 level. This suggests that perhaps the market is waiting for the NFP payroll number before making a decision as to the future direction of this pair. The reaction today should be vital.

The USD/JPY looks suspiciously like a pair that wants to break out. The 80 handle is looking more and more important, and vulnerable as well. The uptrend channel is well defined, and 80.60 leads to much greater things.

Published on 5th of July 2012
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