Dollar Versus Pound and Yen September 20th

FX Strategy Video > Currency Pairs Analysis

GBP/USD pair fell during the Wednesday session, only to bounce in the end to forma  nice looking hammer. This hammer shows that the 1.62 level may in fact turn out to be supportive, and that a pullback may not happen. If that is the case - we could see much higher prices.

The USD/JPY pair rose at first, and then fell in the end of the day. The 78 level looks like it still hols a ton of support, and as a result we think this pair will be supported in the future. The bounce to the 79 handle over and over certainly can be taken advantage of if you are patient.

Published on 19th of September 2012
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