| DAILY DAILY FX FORECASTS BY FX DREAM |
FXDREAM EUR/USD
Date: Tue, 11 April 2006 13:10:02
Resistance levels:1.2165/1.2215/1.2245
Support levels: 1.2090/1.2035/1.2000
EUR/USD has stayed limited to 1.2150 ahead of New York opening as it was suggested in our previous report. Now downmove towards 1.2070 is likely to be seen soon. First Support comes at 1.2090. Breakout below 1.2070 may take price lower to 1.2035. On the other side,there is strong Resistance around 1.2165.
Strategy-neutral.
FXDREAM GBP/USD
Date: Tue, 11 April 2006 13:10:02
Resistance levels: 1.7485/1.7520/1.7600
Support levels:1.7370/1.7320/1.7250
GBP/USD has stayed in narrow ranges during the morning European trade. Fall below 1.7370 previous low may lead price lower to 1.7320-10 .On the other side, there is strong Resistance in the 1.7475-85 area. The key Support lies at 1.7370 now. We will stay Short with part of the position, targeting breakout below 1.7370.
Holding GBP/USD Short at 1.7470,Stop-loss-1.7470,Take profit-1.7390(1.7330)
FXDREAM USD/JPY
Date: Tue, 11 April 2006 13:10:02
Resistance levels: 118.70/119.40/120.00
Support levels: 117.90/117.45/116.95
USD/JPY has risen to 118.70-75 as it was suggested. Breakout above 118.70 immediate Resistance is possible later today, causing further upmove towards 119.11 previous high and even 119.40 up target. If, however, the Resistance holds, there are chances of a fall back towards 117.90 key Support.
Strategy-neutral.
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