Dollar Versus Yen and Loonie October 16th

FX Strategy Video > Currency Pairs Analysis

USD/JPY pair rose during the session on Monday as the Dollar had a decent day overall. The 79.50 level still looks resistive, and as a result we are waiting for a move above the 80 level in order to get overly bullish. In the mean time, there is a clear range to play if you are a scalper.

The USD/CAD pair did almost nothing, and continues to sit around the 0.98 level as we move sideways. This market will continue to be choppy, and as a result we are awaiting a break of either the 0.9950 level, or the 0.97 level.

Published on 15th of October 2012
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