GBP/JPY and EUR/GBP May 17

FX Strategy Video > Currency Pairs Analysis

Looking at the GBP/JPY, it appears that we are rapidly approaching an area where the central banks might be interested in the markets. The 130 area was the site of a massive break out not too long ago - aided by the CBs. Because of this, we are weary of this move. The EUR/GBP looks like it has retested the previous support level for resistance, and has found it. Looking at the chart, we see the potential for further weakness.

Published on 16th of May 2011
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