| DAILY DAILY FX FORECASTS BY FX DREAM |
FXDREAM EUR/USD
Date: Fri, 7 April 2006 13:10:01
Resistance levels:1.2215/1.2275/1.2340
Support levels: 1.2180/1.2110/1.2060
EUR/USD is trading in narrow range between 1.2215 firts immediate Resisatnce and 1.2165 day lows ahead of US Payrolls important data from USA.Good data from USA may cause further sharp fall down to 1.2090 and lower.On the other side,surprising fundamental data may turn price back higher to 1.2330 previous highs.We will stay Short trailing our stop-loss as soon as the data comes down to 1.2200.
Holding EUR/USD Short at 1.2180,Stop-loss-1.2205,Take profit-1.2110(1.2090)
FXDREAM GBP/USD
Date: Fri, 7 April 2006 13:10:01
Resistance levels: 1.7550/1.7620/1.7665
Support levels:1.7480/1.7420/1.7370
GBP/USD has stayed above 1.7480 key Support and 100 Days MA during the morning european session..Today breakout below the key Support is possible after the US Non Payroll Data Release later today.Price may reach 1.7420 and even 1.7370 level.On the other side,rise above 1.7620-30 region is required as confirmation of a longer term uptrend.
Sell GBP/USD at 1.7470,Stop-loss-1.7500,Take profit-1.7390(1.7350)
FXDREAM USD/JPY
Date: Fri, 7 April 2006 13:10:01
Resistance levels:117.90/118.70
Support levels: 117.20/116.60/116.00
USD/JPY has risen up towads 117.90 important Resistance.Support.More volatility may be expected later today after US Data Release.Rally towards 118.60-70 previous high is likely to be seen.On the other side,fall to 116.95 and then 116.60 also is not ruled out if there are surprising Data from USA.
Strategy-neutral.
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