| DAILY DAILY FX FORECASTS BY FX DREAM |
FXDREAM EUR/USD
Date: Thu, 20 April 2006 13:10:01
Resistance levels:1.2365/1.2410/1.2485
Support levels: 1.2320/1.2280/1.2240
EUR/USD has corrected down to 1.2330-20 first Support area as it was suggested in our previous report during the morning European trading session. Breakout below that region may cause further pullback to 1.2285-80 key Support. This levels offer good opportunity for buying again for a rise towards 1.2410 in the next days. First Resistance now comes around 1.2365. We have important data from USA at 12:30 GMT and then 14:00 GMT that may influence the market.
Strategy-neutral.
FXDREAM GBP/USD
Date: Thu, 20 April 2006 13:10:01
Resistance levels: 1.7855/1.7900/1.7945
Support levels: 1.7800/1.7750/1.7665
GBP/USD has fallen as expected to 1.7810-00 after UK Data Release earlier today. Around 1.7800 psychological level the pair meets strong Support and pullback towards 1.7855 is not ruled later today. On the other side, breakout after US Data Release may take price lower to 1.7750 key Support till the end of the day. For now we will stay aside, looking for buying again for another uptrend towards 1.8020,maybe next week.Our Long position was stopped at 1.7890 for another 50 pip profit.
Strategy-neutral.
FXDREAM USD/JPY
Date: Thu, 20 April 2006 13:10:01
Resistance levels: 117.90/118.30/118.90
Support levels: 117.10/116.70/116.20
USD/JPY has risen to 117.90 first immediate Resistance as it was suggested. Later today further upmove towards 118.25-30 next Resistance region may be seen, after US Data Realease. On downside, fall below 117.40 is required as a signal for another test of 116.70.
Strategy-neutral.
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