USDJPY waiting action holds

Fri, Jul 30 2010, 07:48 GMT
by Tomas Cedavicius


AUDUSD - Narrow trading range is formed in the middle of the road between support and resistance levels, further waiting actions remain active.

EURUSD - Resistance barrier looks strong enough to hold bullish movement, for now waiting action is better option.

EURGBP - Look for selling options below resistance barrier, while bears can keep their strength under this level, bulls side is in danger.

NZDUSD - It looks like bulls trying to get back their shape above support, but despite this current action bulls are not still very confident enough to continue climbing.

USDCAD - Waiting action remains active while resistance and support levels are active. Further low jumping is expected.