| DAILY DAILY FX FORECASTS BY FX DREAM |
FXDREAM EUR/USD
Date: Fri, 28 April 2006 13:10:01
Resistance levels: 1.2550/1.2590/1.2650
Support levels: 1.2500/1.2470/1.2410
EUR/USD has risen slightly during the morning European session. Our Long EUR/USD position was closed at 1.2540 target with 130 pip profit. The sentiment remains positive with next target in short term in the 1.2590-1.2600 region. US GDP Data will be released later today at 12:30 GMT. Slight pullback towards 1.2485-70 first immediate Support area may be seen ahead or after the US Data Release. In longer term we may target 1.2900
Buy EUR/USD at 1.2480,Stop-loss-1.2445, Take profit-1.2550(1.2590)
FXDREAM GBP/USD
Date: Fri, 28 April 2006 13:10:01
Resistance levels: 1.8090/1.8140/1.8210
Support levels: 1.8040/1.7960/1.7920
GBP/USD has tested 1.8090-1.8100 next target region earlier today. The Resistance area has hold and now pullback towards 1.7990 may be seen later today. Strong data are expected from USA that may reverse price is short term. In longer term, however, the bias remains bullish we may target 1.8140 and 1.8210 for the next week.
Strategy-neutral.
FXDREAM USD/JPY
Date: Fri, 28 April 2006 13:10:01
Resistance levels: 114.80/115.05115.45
Support levels: 113.80/113.40/112.90
USD/JPY is consolidating up towards 114.80 first crucial Resistance. The 114.80-115.10 Resistance region is likely to hold and further downmove towards 113.80 and 113.40 may begin, maybe next week. There are buy orders set at 114.00. Our target at 113.90 was touched and we have closed the other part of our short position with 125 pip profit.
Strategy-neutral.
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