Dollar Versus Yen and Pound October 1st

FX Strategy Video > Currency Pairs Analysis

USD/JPY had a fairly wild ride on Friday, as the bulls came out in force. One cannot help buy wonder if those bulls resided in Tokyo, say at the Bank of Japan? Odd movement for sure, and the BoJ hasn't exactly been quiet about being involved at these levels.

The GBP/USD pair fell hard on Friday, but to be honest, this only makes us much more bullish. We would love to see a bit of a pullback, and it looks like we may get one. However, we will not be shorting - rather we will be looking to buy at lower levels such as the 1.60 and 1.58 handles.

Published on 30th of September 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