USDJPY possible breakout at resistance level

Fri, Mar 5 2010, 08:56 GMT
by Tomas Cedavicius


AUDUSD - Bulls look still positive above support level, however in order to extend current trend – a breakout is needed by resistance level

EURUSD - Support level acts important role for bulls side. Bears can easily overcome bulls side below support. Waiting action holds

EURGBP - Low trading range continues, boring situation. Waiting action remains.

NZDUSD - Finally bulls did show some strength, despite this action – bulls can hope stronger activity just by breaking resistance level

USDCAD - Look for selling options under support barrier. For now, waiting action holds in order to confirm a possible breakout.