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FOREX RATES
AUDUSD0.9207/08  
EURUSD1.2804/06  
GBPUSD1.5446/49  
USDJPY83.64/66  
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forex technical analysis > report


2010-03-10 15:40 GMT

USDJPY testing the resistance barrier

by Investija.com

Download the whole report.

USDJPY testing the resistance barrier

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.

GBPUSD - At the moment bears are still in good shape, however bulls did manage to recover the price above support. Waiting action remains now.

USDJPY - Bulls are testing the resistance level, if breakout is not confirmed – a rebound back to support is expected.

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