| DAILY DAILY FX FORECASTS BY FX DREAM |
FXDREAM EUR/USD
Date: Wed, 28 March 2007 13:10:01
Resistance levels: 1.3370/1.3410/1.3480
Support levels: 1.3320/1.3250/1.3220
EUR/USD has remained ranged between 1.3320 first minor Support and 1.3370 yesterrday high and first Resistance.. No change in our view. The uptrend remains intact for retest of 1.3410 and even 1.3480 in longer term. First minor Resistance comes around 1.3370 yesterday high. On the other side, below 1.3320 first Support ease back towards 1.3270 and even 1.3250 bottom may be seen. Look to buy on downsticks for test of 1.3400-10 area and 1.3480.
Strategy-neutral.
FXDREAM GBP/USD
Date: Wed, 28 March 2007 13:10:01
Resistance levels: 1.9680/1.9730/1.9750
Support levels: 1.9615/1.9580/1.9554
GBP/USD has spiked down below 1.9600 earlier today after weak UK GDP Numbers. The bias remains positive for retest of 1.9730-50 area and even higher towards 1.9800 in longer term. First Resistance comes around 1.9670-80 region. On the other side, 1.9600 level provides strong Support ahead of 1.9580 and even 1.9554 bottoms .Look to buy on downsticks for test of 1.9730-50 area and higher towards 1.9800 in longer term.
Strategy-neutral.
FXDREAM USD/JPY
Date: Wed, 28 March 2007 13:10:01
Resistance levels: 117.30/117.65/118.00
Support levels: 116.50/116.20/115.70
USD/JPY has fallen further down below 116.90 previous Support earlier today as it was suggested . The bias remains bearish for test of 116.50 minor Support in near term and even 116.20 previous low in mid term. On the other side, first crucial Resistance comes around 117.30 ahead of 117.60-65 Resistance region. Stay Short for test of 116.22-20 area at least.
Strategy-neutral.
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