Dollar Versus Yen and Franc February 24th

FX Strategy Video > Currency Pairs Analysis

USD/JPY fell on Thursday as the market finally got a bit of a pullback. However, it looks as if the 80 level is trying to act as support at the end of the session. The pair looks as if it is ready to make a serious move again, and the breaking above of the 80 level could lead to longer-term opportunities as well.

The USD/CHF pair fell down to the 0.90 level on Thursday. This is a massive support level, and we think that the fact the pair managed to break through the 200 day EMA signals that we could be setting up for the next move. Watch EUR/CHF though!

Published on 23rd of February 2012
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