January 30th Long-Term Charts

FX Strategy Video > Currency Pairs Analysis

USD/JPY is producing a massive sell signal as we got a shooting star at the bottom of a downtrend. The problem is the Bank of Japan sits just below. If the pair falls - the central bank will intervene again.

USD/CHF has fallen quite a bit, but it closes at the bottom of the candle for the week - this shows that perhaps we are going to see even further weakness in this pair. Beware the EUR/CHF though.

The EUR/GBP pair is banging against the 0.84 level, and is running into a 100 pip resistance area. This could provide a selling opportunity, but we may have to use the daily charts in order to take advantage of it.

Published on 27th of January 2012
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