| DAILY DAILY FX FORECASTS BY FX DREAM |
FXDREAM EUR/USD
Date: Fri, 3 February 2006 13:10:05
Resistance levels: 1.2100/1.2150/1.2190/1.2225
Support levels: 1.2030-25/1.2000/1.1915
EUR/USD increased its bearish sentiment in short term as expected and fell again towards 1.2030 first important Support.Now we expect strong US Job Figures,so furter downmove is possible today with target down below 1.2000 towards 1.1970 at least.On the other side,numbers less than 200k may turn the price back above the 200-MA at 1.2150 and even 1.2190 highs from Tuesday.We will stay Short with tight Stop-loss.
Holding EUR/USD Short at 1.2120,Stop-loss-1.2105(down from 1.2158),Take profit-1.2005(1.1970)
FXDREAM GBP/USD
Date: Fri, 3 February 2006 13:10:05
Resistance levels: 1.7810-20/1.7900
Support levels: 1.7720/1.7680/1.7605
GBP/USD is moving in narrow range before the US Data Release later today.If the figures are better than expected we may see downmove towards 1.7680 at least with final target in the 1.7610-00 region.After 2 calm days today we may see stronger volatility.On the other side,the upside target is in the 1.7880-1.7900 region with first Resistance at 1.7820.
Sell GBP/USD at 1.7740,Stop-loss-1.7770,Take profit-1.7655(1.7605)
FXDREAM USD/JPY
Date: Fri, 3 February 2006 13:10:05
Resistance levels: 118.65-70/119.00/119.50/120.00
Support levels: 118.15-10/117.45
USD/JPY made a correction yesterday to the first important Support at 118.15 and bounced back towards 119.00 and higher.Now the pair meets first Resistance in the 118.65-70 region.Breaking may lead price higher towards 119.50 at least.On the other side,if it holds after the US Data Release,we may see another downwave towards 118.15 and even 117.60-40.
Strategy-neutral.
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