USD/JPY,USD/CHF — February 15th 2012
Watch the latest analysis of the USD/JPY, USD/CHF Forex pairs for the February 15th in this video. USD/JPY — shot straight up on Tuesday as the Bank of Japan has announced continued and expanded bond buybacks and other such programs to bring the value of the Yen down. The 78.50 level is the level we have been watching. If we can continue to rise above 78.50 level, if give us the opportunity to see this pair rise to the 80.00 level, which is significant resistance, and we think that is where the real battle is. If we can continue to rise to 80.00 level then we will be selling on signs of weakness. USD/CHF — Its right above the level we have been watching for a while — looks as if it is trying to build a base just above the 0.9100 level, The 0.9250 level seems to be the top of the recent consolidation and this is the level we want to be broken to the upside in order to go long. The pair looks like it wants to rise, and with the Swiss working against the value of the Franc — as the traders of the EUR/CHF pair are so keen to test it which will set off intervention that will cause this pair to spike up.
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