Yen Versus Euro and Dollar July 20th

FX Strategy Video > Currency Pairs Analysis

EUR/JPY fell for the session on Thursday, but managed to bounce in the late hours to form a hammer yet again. It is becoming obvious that a bounce in the Euro could be coming against most currencies, and as a result we are simply waiting for higher prices to sell from!

The USD/JPY pair fell as well, but this pair has a central bank below it. Because of this, it is still a buy only market in our eyes, and there are a couple of places to watch going forward as this could be a great trade soon.

Published on 19th of July 2012
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