Dollar Versus Yen and Franc January 26th

FX Strategy Video > Currency Pairs Analysis

USD/JPY initially shot straight up for the session on Wednesday as the Dollar was strong for the first part of the session. However, Mr. Bernanke continued his war on the USD and announced a continuation of the low interest rate policy until the end of 2014. The resulting candle is a perfect shooting star in resistance.

USD/CHF is testing 0.92. This area is important, and as a result we are very interested in it. If we can get a supportive candle - it would be a great place to buy. However, the recent move has been strong. If we close below 0.92, it could signal a further fall - but beware the EUR/CHF.

Published on 25th of January 2012
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