| DAILY DAILY FX FORECASTS BY FX DREAM |
FXDREAM EUR/USD
Date: Tue, 25 April 2006 13:10:02
Resistance levels:1.2450/1.2480
Support levels: 1.2365/1.2335/1.2308
EUR/USD has climbed above 1.2410 previous strong Resistance. Rally towards 1.2480-85 may be seen later today after US Data Release. Markets are focused upon US Consumer Confidence and Housing market data. Price may stay limited to 1.2444-50 next trend Resistance ahead of the US Data. On downside, eventual reversal will be limited to 1.2365.
Strategy-neutral.
FXDREAM GBP/USD
Date: Tue, 25 April 2006 13:10:02
Resistance levels: 1.7929/1.7945/1.8020
Support levels: 1.7820/1.7750/1.7710
GBP/USD has stayed ranged between 1.7830 and 1.7900 first immediate Resistance. In short term another test of 1.7930 may be seen after US Data Release. On the other side, stronger than expected US Data may turn price back to 1.7825-20 key Support region. In longer term the sentiment seems positive and breakout above 1.7930 may boost price to 1.8000-20 next important Resistance area.
Buy GBP/USD at 1.7910, Stop-loss-1.7875,Take profit-1.8000(1.8045)
FXDREAM USD/JPY
Date: Tue, 25 April 2006 13:10:02
Resistance levels: 115.45/115.90/116.35
Support levels: 114.55/114.15/113.80
No change in the view for the USD/JPY since our previous report. The outlook remains negative for the pair and later today further downmove towards 113.80 may be seen. There is immediate Resistance in the 115.00-115.20 region.It is likely to hold and another down wave towards 114.15 and 113.80 may start.
Sell USD/JPY at 115.15, Stop-loss-115.50,Take profit-114.25(113.90)
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