Dollar Versus Yen and Pound July 10th

FX Strategy Video > Currency Pairs Analysis

USD/JPY had a slightly bullish session on Monday, but gave back much of its gains. The 80 level still looms large, and a move through the 80.60 level would be the catalyst for a large move higher. However, it looks as if the bears are about to try the patience of the Bank of Japan again.

The GBP/USD pair bounced slightly during the Monday session, and it looks as if the recent support level is going to cause a buying opportunity. A short-term one, but one none the less.

Published on 9th of July 2012
eTorro - Trading Starts Here

Start Trading Forex with up to $10,000

  • 100s Videos and FX Strategy articles
  • Advice from our FX traders
  • Practive free with using real time