USDJPY bears concentrated around support level at 88.68
Tue, Nov 24 2009, 08:42 GMT
by Tomas Cedavicius
- EURUSD Neutral situation remains for this pair with possible short term downswings.
- GBPUSD Even though both sides are trapped between support and resistance for a long time – bears are in control of situation.
- NZDUSD While support level holds, bulls recovery is still valid. Under support, selling actions are better to take.
- USDCHF Short term trades are valid, buy near support, sell near resistance while these two barriers holds.
- USDCAD Narrow consolidation formed after steep price upside movement, this action can suggest a probable continuation of uptrend.
- USDJPY Possible a breakout of support level which can initiate strong slide downside.
