Pound Versus Dollar and Euro April 5th

FX Strategy Video > Currency Pairs Analysis

GBP/USD fell most of the Wednesday session, only to pop and form a hammer just above the 1.58 handle. The 200 day EMA is just below as well, and this looks to us like a possible "winding up" in order to have a serious go at the 1.60 level again. Non-Farm Payroll will be massive for this pair.

EUR/GBP is falling as the Euro gets pummeled. The 0.83 - 0.8250 level looks like it is about to give way, and let this pair continue to fall.

Published on 4th of April 2012
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