| DAILY DAILY FX FORECASTS BY FX DREAM |
FXDREAM EUR/USD
Date: Tue, 14 March 2006 13:10:04
Resistance levels: 1.1975/1.2000/1.2060
Support levels: 1.1935/1.1865/1.1825
EUR/USD has stayed ranged between 1.1970-75 first Resistance area and 1.1935 important 100 Day MA level.While price is above 1.1935 there are still chances of another test of 1.1975.Breakout above 1.1975 may give strength for further upmove towards 1.2050-60 at least.In longer term even rally up towards 1.2320 previous highs is not ruled out.On the other side,fall below 1.1935 100-Day MA may lead price down to 1.1900-1.1890 today.The key Support stands at 1.1865.
Strategy-neutral.
FXDREAM GBP/USD
Date: Tue, 14 March 2006 13:10:04
Resistance levels: 1.7370/1.7420-40/1.7520
Support levels: 1.7330/1.7280/1.7230
GBP/USD has stayed above 1.7330-25 crucial Support region after quiet European trading earlier today.Now while price is above 1.7330,there are still chances of a deeper recovery up towards 1.7420-40 region.Price may extend even further to 1.7510-20.On the other side,in longer term the sentiment remains bearish with down target at 1.7130 and even lower to 1.7050.We will stay Long with tight stop-loss order,targeting 1.7420-40 region.
Holding GBP/USD Long at 1.7350,Stop-loss-1.7315,Take profit-1.7420(35)-1.7500
FXDREAM USD/JPY
Date: Tue, 14 March 2006 13:10:04
Resistance levels: 118.60/119.40/120.00
Support levels: 118.15/117.80/117.20
USD/JPY has fallen down below 118.40 previous immediate Support in the morning European session,as it was suggested in our morning edition..Our Long USD/JPY at 118.05 position was stopped at 118.50 with small 45 pip profit.Now further downmove to 118.15-00 or even to 117.80 key Support may be seen.We will stay aside,waiting for breakout below 118.00 as signal for bear trend beginning.
Strategy-neutral.
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