Dollar Versus Yen and Pound July 18th

FX Strategy Video > Currency Pairs Analysis

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.

Published on 17th of July 2012
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