| DAILY DAILY FX FORECASTS BY FX DREAM |
FXDREAM EUR/USD
Date: Mon, 24 April 2006 13:10:04
Resistance levels:1.2410/1.2450/1.2480
Support levels: 1.2340/1.2308/1.2270
EUR/USD has risen to 1.2407 during the morning European hours. The uptrend remains and further rise towards 1.2440-50 is possible after pullback to 1.2370-60 area. Only fall below 1.2340 crucial Support may turn price back in the 1.2308-00 region. Today no important data are expected. Massive Yen sell-offs may influence the Euro too.
Strategy-neutral.
FXDREAM GBP/USD
Date: Mon, 24 April 2006 13:10:04
Resistance levels: 1.7929/1.7945/1.8020
Support levels: 1.7830/1.7750/1.7710
GBP/USD has risen to 1.7928 earlier today. The pair has found temporary Support around the previous highs from last week at 1.7928-30. While price is above 1.7845 there are still chances of another test higher later today. The target stands at 1.7944 and in longer term 1.8020. On downside, fall below 1.7845 may turn price back to 1.7800.
Holding GBP/USD Long at 1.7880,Stop-loss-1.7840,Take profit-1.7935(1.8010)
FXDREAM USD/JPY
Date: Mon, 24 April 2006 13:10:04
Resistance levels: 115.45/115.90/116.35
Support levels: 114.55/114.15/113.80
USD/JPY has fallen sharply with massive sell-offs after G7 Meeting and reached 114.85 lows during the morning European hours today. around 114.75 tha pair meets temporary Support and pullback towards 115.45 crucial Resistance level is not ruled out ,before the next down wave towards 114.15 and 113.80. Unfortunately,we have missied to sell USD/JPY earlier.
Strategy-neutral.
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