Dollar Versus Pound and Yen October 13th

FX Strategy Video > Currency Pairs Analysis

GBP/USD broke higher for the Wednesday session, and even rose above the 1.57 level, and area that has held the pair in check over the last couple of weeks. However, there is a gap just above, and is still there waiting to push the pair down. The pair is risk-sensitive, and it doesn't seem like a real stretch to see bad news coming out.

USD/JPY has been a scalper's market. The day on Wednesday saw it push to the top of the recent range, and looks like another chance to sell.

Published on 12th of October 2011
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