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Forex Daily Analysis

USDJPY has extended its concentration around support level at 88.81

Fri, Nov 20 2009, 08:25 GMT
by Tomas Cedavicius

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  • EURUSD Flag formed between support and resistance, waiting action remains.
  • GBPUSD Looks like bears are looking forward for a breakout at support level.
  • NZDUSD Silent situation, however, after a breakout of support level – short term selling actions remain for this pair.
  • USDCHF Neutral situation stays for this pair, resistance level and support levels are still active. Further jumping is possible.
  • USDCAD Neutral situation is valid for this pair, however bulls have a chance to to extend their current positive movement. Waiting action is better to take with buying possibilities.
  • USDJPY Bears did concentrate around support level, a possible breakout of this barrier is still valid.


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