Market Update – EUR/USD, GBP/USD, USD/JPY

On January 19, 2011, in Forex News, by hypno7777

Early European trading has been quiet thus far, following some dollar weakness in Asia. This could be a sign that dollar selling is exhausted in pairs like GBP/USD and EUR/USD. The USD/JPY is again playing into the lower channel line of the flag pattern we identified last week; seen clearly on the 180-min chart.

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