Dollar Versus Pound and Yen May 25th

FX Strategy Video > Currency Pairs Analysis

GBP/USD fell again for the session on Thursday as the 61.8% Fibonacci level continues to offer support. the 1.5650 level looks as if it is a "last stand" for bulls in this pair, and a break below could make this pair ugly in short order. We are selling rallies and a close below the 1.5650 level.

The USD/JPY pair rose slightly on Thursday as the pair continues to consolidate between the 79 and 80 levels. The 200 day moving average is in the neighborhood, and flat. So is this trade until we see a close above the 80.60 level.

Published on 24th of May 2012
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