| DAILY DAILY FX FORECASTS BY FX DREAM |
FXDREAM EUR/USD
Date: Mon, 26 June 2006 13:10:01
Resistance levels: 1.2590/1.2630/1.2680
Support levels: 1.2535/1.2500/1.2475
EUR/USD has risen to 1.2585 during the early morning European trade. The next direction will depends on US Home Sales at 14:00 GMT. A break above 1.2585 may push price higher towards 1.2610 and 1.2630 later today. On downside, fall below 1.2535 fisrt immediate Support may turn nprice back towards 1.2500 and 1.2475 key Support. Stand aside for now and act after US Data Release. In longer term, the sentiment remains bearish with final target at 1.2410.
Strategy-neutral.
FXDREAM GBP/USD
Date: Mon, 26 June 2006 13:10:01
Resistance levels: 1.8245/1.8280/1.8315
Support levels: 1.8180/1.8125/1.8100
GBP/USD has recovered to 1.8245 earlier today as it was suggested. Now markets are focused on US Data later today. The bias remains bearsih for the pair and retest of 1.8125 lows is likely to be seen later today. A break below 1.8180 will be signal for such a scenario. On the other side, deeper retrace towards 1.8280 also is not ruled out. In longer term 1.7920 target may be set for the upcoming days. Sell on a break below 1.8180 after US Home Sales Data for retest of 1.8125 lows and lower.
Sell GBP/USD at 1.8180,Stop-loss-1.8215,Take profit-1.8125(1.8050)
FXDREAM USD/JPY
Date: Mon, 26 June 2006 13:10:01
Resistance levels: 116.60/117.00/117.50
Support levels: 115.94/115.75/115.30
USD/JPY has stayed in the 115.94-116.60 range today. The bias remains positive as long as price is above 115.75 key Support. After US Data Release more volatility may be seen for test of 116.60 and then 117.00 or a fall towards 115.75 key Support. First immediate Support lies at 115.94. We will stay Long for retest around 116.60 later today.
Holding USD/JPY Long at 116.00,Stop-loss-116.10(up from 115.70),Take profit-116.60(117.00)
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