Dollar Versus Yen and Pound April 20th

FX Strategy Video > Currency Pairs Analysis

USD/JPY had another bullish session as we continue to bounce from the 50% Fibonacci retrace area, as well as the 80 zone. The pair looks as if it is ready to continue higher, and as long as we are above the 80 handle - we are long.

The GBP/USD is in the middle of breaking out, and the pair looks as if it is ready to continue. The Pound looks strong overall, and the Bank of England has squashed any ideas of further easing. This should continue to push the pound higher overall, including in this pair.

Published on 19th of April 2012
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