| DAILY DAILY FX FORECASTS BY FX DREAM |
FXDREAM EUR/USD
Date: Wed, 29 March 2006 13:10:01
Resistance levels:1.2065/1.2110/1.2165
Support levels: 1.1980/1.1945/1.1900
EUR/USD has found Support at 1.1980 earlier today and now pullback to 1.2040-60 Resistance region may be seen.If it holds,furtrher sell off may appear at these level for a test of 1.1945 key Support level.In longer term we may target 1.1900.The sentiment remains negative in medium and long term.
Strategy-neutral.
FXDREAM GBP/USD
Date: Wed, 29 March 2006 13:10:01
Resistance levels: 1.7420/1.7480/1.7530
Support levels: 1.7320/1.7280/1.7225
GBP/USD has dipped further below 1.7350 as it was suggested in our morning report.Our Short GBP/USD first target was reached at 1.7350.We may close part of the position with 95 pip profit.Now the sentiment remains negative and further downmove to 1.7320-10 key Support region may be seen till the end of the day.In longer term we may target 1.7225 previous low again.We will trail out Stop-loss lower down to 1.7415.
Holding GBP/USD Short at 1.7445,Stop-loss-1.7415(down from 1.7480),Take profit-1.7350(1.7320)
FXDREAM USD/JPY
Date: Wed, 29 March 2006 13:10:01
Resistance levels: 118.00/118.50/119.40
Support levels: 117.40/116.90/116.40
USD/JPY has made another unseccessful test above 118.00.The sentiment in longer term remains bullish and 118.50 first target may be attacked again today.On the other side,there is strong Support in 117.60-117.40 area.In longer term 119.40 up target may become intact.Today range trade between 117.40 and 118.40 is the most probable scenario.
Holding USD/JPY Long at 117.85,Stop-loss-117.50,Take profit-118.50(119.00.20)
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