Dollar Versus Yen and Pound August 28th

FX Strategy Video > Currency Pairs Analysis

USD/JPY had a very quiet session on Monday, but currently sits on top of a lot of support it seems. The 78 handle is still a "floor" of sorts as far as the Bank of Japan seems to be concerned, and because of this - I like buying this pair at the moment.

The GBP/USD pair fell on Monday, and even broke below the 1.58 handle. However, there should be support all the way down to the 1.57 level, and I am looking for a supportive candle to buy at this point. If we get a close below 1.57 however, things could get ugly.

Published on 27th of August 2012
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