Forex Technical Update 8/23/2010 - Quiet Start for US Dollar crosses; Japanese Yen Firms

By IBTimes Staff Reporter | August 23 2010 1:42 PM

The EUR/USD and GBP/USD pairs are consolidating to start the week. The EUR/GBP continues to be pressured. The AUD/USD did not violate support for a bullish count. The GBP/JPY may be pressured some further, but there is a bullish scenario to follow. Finally, the CHF/JPY finds resistance in a declining channel.

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