| DAILY DAILY FX FORECASTS BY FX DREAM |
FXDREAM EUR/USD
Date: Fri, 24 March 2006 13:10:03
Resistance levels:1.2000/1.2050/1.2120
Support levels: 1.1950-45/1.1900/1.1860
The Markets are waiting for US Durable Data now.Better data may cause further shrink towards 1.1900 today.Next week is the FOMC meeting and we prefer strong USD ahead of that even.In longer term we may target 1.1825.The pair meets first Resistance around 1.1945(100 Days MA).First Resistance comes around 1.2000.We will stay Short ,targeting 1.1900 and even lower down to 1.1860 next important Support.
Holding EUR/USD Short at 1.1970,Stop-loss-1.2005,Take profit-1.1900(1.1865)
FXDREAM GBP/USD
Date: Fri, 24 March 2006 13:10:03
Resistance levels:1.7375/1.7450/1.7510
Support levels: 1.7330/1.7280/1.7230
GBP/USD has stayed range bound betwen 1.7310 and 1.7340 in the morning european trading.Yesterday we have closed our Short position at 1.7370 with 130 pip profit.Today we may re-sell again targeting 1.7223 previous lows.Immediate Support comes around 1.7280.First Resistance stands in the 1.7360-70 region.In longer term further fall to 1.7130 may be seen next week
Holding GBP/USD Short at 1.7320,Stop-loss-1.7360,Take profit-1.7230(1.7150)
FXDREAM USD/JPY
Date: Fri, 24 March 2006 13:10:03
Resistance levels: 118.10/118.55/119.20
Support levels: 117.40/116.50/116.00
USD/JPY is in positive uptrend towards 119.20 at least.First Resistance comes now at 118.55.it is likely to be reached today.We expect stronger USD after US Data Release later today.There is minor Support around 117.80 and key one at 117.40.Combination of Bank of Japan policy comments and strong fundamental data from USA are the main factors that may infuence the market.
Strategy-neutral.
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