USDJPY erratic situation is extended

Mon, Mar 22 2010, 08:52 GMT
by Tomas Cedavicius


AUDUSD - Short term selling options remain below support barrier. Bears are trying to overcome bulls side.

EURUSD - Concentration by support level is extended, according to the current trend bears have more potential to decline the price. However, waiting action remains for now.

EURGBP - New high ground is formed above resistance barrier, look for short term buying opportunities.

NZDUSD - It looks like bulls are loosing their strength, despite recent fall – bulls have strong potential to recover.

USDCAD - Even though sharp slide downside occurred, bulls did manage to come back with enormous strength. Possible breakout by resistance barrier.