USDJPY another bears attempt to breakout by support level at 89.40

Mon, Nov 16 2009, 15:25 GMT
by Tomas Cedavicius


  • EURUSD Long positions are still good to take for this pair.
  • GBPUSD Bulls are looking positive, if bulls can keep up such strength, resistance level should be tested soon.
  • NZDUSD At the moment bulls are struggling to show more power, this situation can be used by bears side. At the moment waiting is better option.
  • USDCHF Despite jumping, bears have a chance to reach support level. Short term downswings are possible, but waiting is better option now.
  • USDCAD Finally bears have reached support level, for now waiting action is better to take to confirm the possible breakout of support.
  • USDJPY Neutral situation still remain for this pair, below support level – look for selling actions.