| DAILY DAILY FX FORECASTS BY FX DREAM |
FXDREAM EUR/USD
Date: Tue, 18 April 2006 13:10:05
Resistance levels:1.2325/1.2410/1.2485
Support levels: 1.2242/1.2200/1.2165
EUR/USD has found Support at 1.2230 and bounced higher to 1.2270 during the morning European session. Market is waiting for US PPI Index and Housing Data from USA later tyoday at 12:30 GMT. Later today further upmove to 1.2315-30 may be seen. At these levels price may meet strong Resistance and correction back to 1.2215 and 1.2185 is likely to be seen. Positive data from USA may take price directly to 1.2185 later today.
Strategy-neutral.
FXDREAM GBP/USD
Date: Tue, 18 April 2006 13:10:05
Resistance levels: 1.7745/1.7780/1.7815
Support levels: 1.7665/1.7600/1.7510
GBP/USD has found immediate Resistance at 1.7745 previous high earlier today. The sentiment remains positive in longer term further upmove towards 1.7780 and 1.7830 may be seen. Correction down to 1.7690 and even 1.7645 also is not ruled out today.Market is focused upon US Data Release at 12:30 GMT. We will stay Long with tight stop-loss order.
Holding GBP/USD Long at 1.7725,Stop-loss-1.7690,Take profit-1.7780(1.7815)
FXDREAM USD/JPY
Date: Tue, 18 April 2006 13:10:05
Resistance levels: 118.30/118.90/119.40
Support levels: 117.42/116.95/116.20
The outlook seems neutral for the USD/JPY. Positive US data later today may cause extended upmove to 118.35 and 118.55, before the next fall towards 117.20 and then 116.20 in longer term. First Support now comes around 117.45 (100 Days MA).
Strategy-neutral.
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