Dollar Versus Yen and Pound September 5th

FX Strategy Video > Currency Pairs Analysis

USD/JPY pair rose slightly during the session on Tuesday, triggering a move higher based upon the hammer from the Monday. This continues to confirm that the general area that we are in at the moment is supportive. We like this pair - but only for the short term at this point.

The GBP/USD pair tried to rally higher during the session on Tuesday but failed at the end of the day. The resulting candle was a shooting star, and looks likely to pullback. However, over the totality of the move, we think this is just a simple pullback.

Published on 4th of September 2012
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