Dollar Versus Yen and Pound April 18th

FX Strategy Video > Currency Pairs Analysis

USD/JPY had a bullish session on Tuesday as the proximity of the 80 handle and 50% Fibonacci retrace level seems to have been enough to bring the bulls back out. The pair is starting to run into resistance at the 81 level though, so pullback are to be expected - and bought.

GBP/USD had a fairly benign day once it was all said and done. It was positive, but hardly compelling. Because of this, it looks as if the pair will continue to languish between the 1.58 and 1.6050 levels.

Published on 17th of April 2012
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