Pound Versus Dollar and Yen April 6th

FX Strategy Video > Currency Pairs Analysis

GBP/USD had a rough day, but the major support at the 1.58 level did in fact hold. The 200 day EMA is sitting just under the market currently, so it looks like the selling of this pair could be difficult. However, today is Non-Farm Payroll Friday in the United States, so anything is possible.

The GBP/JPY pair fell for most of the session, but managed to bounce back and form a hammer, right at the 130 level.....interesting place to see support hold. NFP will certainly move the needle on this one.

Published on 5th of April 2012
eTorro - Trading Starts Here

Start Trading Forex with up to $10,000

  • 100s Videos and FX Strategy articles
  • Advice from our FX traders
  • Practive free with using real time