| DAILY DAILY FX FORECASTS BY FX DREAM |
FXDREAM EUR/USD
Date: Thu, 2 February 2006 13:10:05
Resistance levels: 1.2115/1.2180/ 1.2225
Support levels: 1.2030-25/1.2000/1.1915
EUR/USD fell as expected.We closed part of our Short EUR/USD position at the first target at 1.2060 with small 60 pip profit.Now we may see slight consolidation towards 1.2105-15,before the next downwave towards 1.2000 and lower.Such scenario would be confirmed by prices below 1.2030-25 first important Support.Take account that more changes and volatility are likely to happen tomorrow with US Job Data.We will keep part of our Short position with target at 1.2000.
Holding EUR/USD Short at 1.2120,Stop-loss-1.2120(down from 1.2158),Take profit-1.2005
FXDREAM GBP/USD
Date: Thu, 2 February 2006 13:10:04
Resistance levels: 1.7810/1.7845/1.7900
Support levels: 1.7720/1.7680/1.7605
GBP/USD may try another test of the important Resistance at 1.7810 soon.If it is broken,we may see furter rise towards 1.7840-45 till the US Data Release tomorrow.We expect calm market today.so we prefer stay out of the market for now.The key Support stands at 1.7720
Strategy-neutral.
FXDREAM USD/JPY
Date: Thu, 2 February 2006 13:10:04
Resistance levels: 118.65-70/119.00/119.50
Support levels: 118.15-10/117.45
USD/JPY broke the previous important Resistance at 118.10 and moved up towards 119.00 target.Now the pair meets immediate Resistance in the 118.65-70 region.Breaking may unlock further rise towards 119.00 and 119.50.On the other side,If it holds,we may see correction towards 118.15-10.
Strategy-neutral.
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