USD/JPY had a bullish session on Tuesday as Bernanke didn't deliver the goods when it came to easing. Or did he? A lot of the market is still arguing about this, and as a result we think the current range continues. We still eye the 80.60 level above all else though.
The GBP/USD pair initially fell for the session, only to bounce on hopes or stimulus eventually. The hammer is the second in a row, and it looks as if we are going to make a serious attempt at breaking out above the 1.57 level.
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