Pound Versus Yen and Dollar July 3rd

FX Strategy Video > Currency Pairs Analysis

GBP/JPY fell for much of the Monday session, as traders looked ready to book profits. However, it bounced in the late hours, and because of this it looks as if the Yen weakness could possibly continue. Needless to say however - this is a highly risk-sensitive pair, and headlines will continue to be the biggest danger going forward.

The GBP/USD pair did almost nothing on Monday. This was impressive because of the fact that Friday was so strong. The market is sitting just below a resistance area, and looks healthy. However, until we see 1.58 overtaken - this is a neutral pair now.

Published on 2nd of July 2012
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