Euro Versus Yen and Pound August 6th

FX Strategy Video > Currency Pairs Analysis

EUR/JPY rose during the session on Friday as the Non-Farm Payroll numbers came out stronger than expected. The pair slammed into the 97.25 level, and if we can get above the current resistance, we think this pair can run to the 100 level.

The EUR/GBP pair looks very much the same, but we can see a potential bearish flag at the top of the day's move on Friday. This looks like we only have so far we can go before we find massive resistance at the 0.80 level.

Published on 4th of August 2012
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