Pound Versus Yen and Dollar May 28th

FX Strategy Video > Currency Pairs Analysis

The GBP/JPY pair rose above the hammer from the Thursday session, but failed to have any follow through. The 125 level looks like it will be one that is important long-term, so we are currently watching with great interest.

The GBP/USD pair fell hard most of the week. The past two days have formed shooting stars, and the 61.8% Fibonacci level looks like it is trying to hold the pair up. The level is important for support, and if it gives way - look out below!

Published on 26th of May 2012
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