| DAILY DAILY FX FORECASTS BY FX DREAM |
FXDREAM EUR/USD
Date: Mon, 13 March 2006 13:10:02
Resistance levels: 1.1975/1.2000/1.2060
Support levels: 1.1890/1.1865/1.1825
EUR/USD tested 1.1970-80 region as it was suggested in our morning edition.The Resiatnce area has held and price dippied down towards 1.1900-1890 immediate important Support.Today price is likely to stay in range bound between 1.1890 and 1.1950.The key Support comes at 1.1865-60 formed bottom from the last week.
Strategy-neutral.
FXDREAM GBP/USD
Date: Mon, 13 March 2006 13:10:02
Resistance levels: 1.7280/1.7330-35/1.7420
Support levels: 1.7230/1.7130/1.7050
GBP/USD has fallen down beyond our target at 1.7280 to 1.7230 on Friday.We released 90 pip profit over our Short position at 1.7370.Now the sentiment in longer term remains bearish with new down wave possible down towards 1.7130 and even 1.7050 till the end of the week.Today price stayed below 1.7280 first important Resistance in the morning European session.Rise above 1.7280 may cause deeper correction up towards 1.7330-40.On the other side,fall below 1.7230 strong Support may unlock fall down towards 1.7130.We may try to sell again on tops for a test of 1.7200 psychological level.
Sell GBP/USD at 1.7330,Stop-loss-1.7370,Take profit-1.7230(1.7140)
FXDREAM USD/JPY
Date: Mon, 13 March 2006 13:10:02
Resistance levels: 119.40/120.00/121.30
Support levels: 118.80/118.30/117.80
USD/JPY has risen up to 119.15 on Friday.Our first target at 118.90 was touched and we have closed part of our Long position at 118.05 with 85 pip profit.The sentiment remains bullish and today rise above 119.00 may be sign for further upmove towards 119.40 and then 120.00 maybe tomorrow.Now first Support comes in the 118.80-70 area , with key one around 118.30.We will stay Long trailing our stop-loss up to 118.50.
Holding USD/JPY Long at 118.05,Stop-loss-118.50(up from 117.80),Take profit-119.30(119.90)
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