Pound Versus Franc and Yen June 6th

FX Strategy Video > Currency Pairs Analysis

The GBP/CHF is showing a bullish hammer at extreme lows. This will often signal a potential bounce. HOWEVER - WE ARE NOT RECOMMENDING BUYING THIS PAIR. Rather, the professional trader is simply waiting for another opportunity to sell at a higher price. The GBP/JPY pair looks very bullish as it has printed a bullish hammer at support. The 130 and 131 area is very supportive to this pair, and the central banks are waiting below. Because of this, we are constructive.

Published on 3rd of June 2011
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