Yen Versus Dollar and Franc August 20th

FX Strategy Video > Currency Pairs Analysis

USD/JPY had yet another bullish session on Friday as the market continues to climb. The pair seems intent on running to the 80 handle, but we feel that this pair has to pullback in order to get involved. However, with the Bank of Japan lurking, we don't dare sell and have to wait for buy signals.

The CHF/JPY pair rose in value during the Friday session, but pulled back late in the day in order to form a shooting star. This candle formation suggests to us that we are heading into resistance - resistance that this pair won't be able to overcome easily.

Published on 18th of August 2012
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