| DAILY DAILY FX FORECASTS BY FX DREAM |
FXDREAM EUR/USD
Date: Wed, 12 April 2006 13:10:02
Resistance levels:1.2165/1.2215/1.2245
Support levels: 1.2090/1.2035/1.2000
EUR/USD has staeyed without substantial change dirung the morning European trading session. The markets seems neutral ahead of the US Trade Balanace Numbers Release later today at 13:30 GMT. The data from USA will define the next direction in price of the currency pair. Later today 1.2215 and 1.2245 up targets may be attacked. On downside, narrowing US Trade Deficit may turn price back to 1.2090 important Support or even 1.2070 low. There is minor Support at 1.2115 now. Watch and react according the impending Data from USA.
Strategy-neutral.
FXDREAM GBP/USD
Date: Wed, 12 April 2006 13:10:02
Resistance levels: 1.7590/1.7620/1.7665
Support levels: 1.7510/1.7440/1.73900/1.7320
GBP/USD has risen as it was suggested ahead of US Trade Balance during the morning European trading session. Price has reached 1.7570 and bounced back towards 1.7520-10 first Support region. Now the direction will depend on the US Data. Worse than expected current account numbers may lift price to 1.7620 previous high. On downside, fall towards 1.7440 also is not ruled out. We will stay Long, however , trailing our stop-loss order higher to 1.7505, just below first Support at 1.7510.
Holding GBP/USD Long at 1.7500, Stop-loss-1.7505, Take profit-1.7590( 1.7620)
FXDREAM USD/JPY
Date: Wed, 12 April 2006 13:10:02
Resistance levels: 118.70/119.40/120.00
Support levels: 117.90/117.45/116.95
USD/JPY has stayed within the old range between 117.85 and 118.70. Now market is focused on US Trade Balance. After that rise towards 118.70-90 previous highs or fall towards 117.43 ( 100 Days MA) are with equal chances. Stay aside and watch the direction after US opening today.
Strategy-neutral.
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