Pound Versus Dollar and Yen January 2nd

FX Strategy Video > Currency Pairs Analysis

GBP/USD rose during the Friday session as the Pound got a bid in general. The pair managed to break above the 1.55 mark, but did selloff a bit during the waning hours of the session. The move could have been exaggerated by the low volume, but we see the area that we are currently in as vital to the future direction of cable going forward.

The GBP/JPY pair fell as the Yen got a bid against almost all currencies. The pair formed a doji at the 119.50 area though, suggesting a bounce is coming.

Published on 30th of December 2011
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