Dollar Versus Yen and Euro April

FX Strategy Video > Currency Pairs Analysis

USD/JPY rose a bit during the Wednesday session as the bounce tried to recapture the losses from the Tuesday sell off. However, the 80 level below is a major confluence of support in our eyes, and while we aren't quite there yet - the shooting star looks like we are going to try and make it. It is at that level we could see a serious trading opportunity.

EUR/USD is sitting just above the 1.30 level, which is a massive place for support. With this in mind, the two shooting stars at the bottom of the range are very interesting indeed.

Published on 11th of April 2012
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