| DAILY DAILY FX FORECASTS BY FX DREAM |
FXDREAM EUR/USD
Date: Thu, 1 June 2006 13:10:01
Resistance levels: 1.2800/1.2835/1.2905
Support levels: 1.2725/1.2692/1.2650
EUR/USD has dipped lower towards 1.2725 after pullback to 1.2800 earlier today as it was suggested in our previous report. Now markets are waiting for US Jobless Claims Nimbersat 12:30 GMT and ISM Manifacturing at 14:00 GMT. Further sell-off down towards 1.2692 and even lower to 1.2660 is likely to be seen. The bias remains negative for the pair and weaker than expected US Data may cause pullback limited to 1.2800.
Strategy-neutral.
Strategy-neutral.
FXDREAM GBP/USD
Date: Thu, 1 June 2006 13:10:01
Resistance levels: 1.8650/1.8700/1.8780
Support levels: 1.8570/1.8530/1.8500
GBP/USD has fallen further down to 1.8600. Now price meets immediate Support in the 1.8580-70 area.If it is broken , after US Data Release, further downmove down to 1.8530 and 1.8500 may be seen later today. The bias is bearish in near term. Weaker than expected data from USA, on the upside, may cause pullback up to 1.8700 later today.
Sell GBP/USD at 1.8575,Stop-loss-1.8615,Take profit-1.8505(1.8470)
FXDREAM USD/JPY
Date: Thu, 1 June 2006 13:10:01
Resistance levels: 112.70/112.90/113.35
Support levels: 111.60/110.90/110.30
USD/JPY has broken the crucial 112.70-90 Resistance area earlier today and price has surged higher towards 113.80-85. First immediate Resistance comes in the 113.35-40 area now. With US Opening further rally towards 113.85 is likely to be seen. On downside, first important Support is at 112.65.
Strategy-neutral.
Fx-charts.com Disclaimer: The information contained on this website is subject to change without notice, views and opinions expressed on fx-charts.com may be those of individual authors and may not necessarily be the views of fx-charts.com or its officers and employees, we make no claim to the accuracy or timeliness of any information contained herein. We recommend obtaining advice from a suitably qualified financial advisor before entering into any financial transactions or agreements. The use of this website constitutes acceptance of our privacy policy, disclaimer and terms of use. This website is available for information and educational purposes only.
|
