Franc Versus Dollar and Yen November 21st

FX Strategy Video > Currency Pairs Analysis

USD/CHF fell on Friday, but managed a bounce to form a hammer. This hammer is at the top of the recent range, and appears to hint at a breakout in the near future. If we get it – this pair should find 0.95, and then parity.

CHF/JPY found itself trying to rally on Friday, only to fail. The Yen is by far the most prized currency at the moment, as we see nothing changing that anytime soon. With the SNB working against the Franc, don’t expect this pair to produce much to the upside anytime soon.

Published on 18th of November 2011
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