USDJPY testing the resistance barrier

Wed, Mar 10 2010, 14:46 GMT
by Tomas Cedavicius


AUDUSD - Concentration by resistance barrier is extended. Waiting action remains.

EURUSD - Bears didn't slide below support barrier. At the moment bulls are testing resistance barrier. While resistance and support levels hold, further bouncing is possible.

EURGBP - Bulls didn't manage to break resistance even though bulls moved above resistance. Waiting situation holds.

NZDUSD - Look for buying options above resistance level at 0.7025. Bulls are confident enough to extend current positive trend.

USDCAD - Boring situation continues, time to drink some coffee.