| DAILY DAILY FX FORECASTS BY FX DREAM |
FXDREAM EUR/USD
Date: Mon, 3 April 2006 13:10:05
Resistance levels:1.2085/1.2120/1.2165
Support levels: 1.2035/1.1.2000/1.1945
EUR/USD has found temporary Support in the 1.2035-30 region during the european morning trade session.Now the pair meets immediate Resistance around 1.2075.It is likely to hold and another down wave towards 1.2000 may be seen later today.There is crucial Resistance area in the 1.2110-20 region.In longer term 1.1960( 100 days MA) may be tested.
Strategy-neutral.
FXDREAM GBP/USD
Date: Mon, 3 April 2006 13:10:05
Resistance levels: 1.7310/1.7370/1.7420
Support levels: 1.7280/1.7225/1.7130
GBP/USD has fallen below 1.7250 in the early morning european trade.Price has found temporary Support and now slight pullback up to 1.7310-20 crucial Resistance region may be seen,before the next down wave to 1.7229 previous low and even lower.In longer term,fall to 1.7130 this week is possible.We will stay Short with stop-loss exactly above 1.7310 Resistance.
Holding GBP/USD at 1.7280 Short,Stop-loss-1.7320,Take profit-1.7229(1.7150)
FXDREAM USD/JPY
Date: Mon, 3 April 2006 13:10:05
Resistance levels:118.70/119.40/120.00
Support levels: 118.00/117.20//116.40
The crucial Resistance around 118.70 has held earlier today and price has bounced back towards 118.00 as it was suggested.Today the pair is likely to stay range bound in the 118.00-118.80 range.Rise above 118.70 may lead price higher to 119.40.On the other side,fall below 118.00 will take price down to 117.20-10 key Support area.
Strategy-neutral.
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