| DAILY DAILY FX FORECASTS BY FX DREAM |
FXDREAM EUR/USD
Date: Thu, 30 March 2006 13:10:01
Resistance levels:1.2110/1.2165/1.2210
Support levels: 1.2050/1.1980/1.1945
EUR/USD has risen towards 1.2110 as it was suggested in our morning edition.Breakout above the important Resistance at 1.2110 may take price higher to 1.2165 today and even 1.2210 today and tomorrow.If,however,the Resistance holds,pullback towards 1.2050 is not ruled out too.The attention today will be concentrated upon US GDP Annualized.We will stay aside today.
Strategy-neutral.
FXDREAM GBP/USD
Date: Thu, 30 March 2006 13:10:01
Resistance levels: 1.7415/1.7480/1.7530
Support levels: 1.7320/1.7280/1.7225
GBP/USD has recovered up to 1.7415 first Resistance overnight and has repeated that move in the morning european hours.today,breakout above 1.7415 may take price higher to 1.7485 at least.If,however,it holds ,pullback down to 1.7350 is possible later today.We have closed our Short position at 1.7320 with 125 pip profit.Now we will stay aside and watch.
Strategy-neutral.
FXDREAM USD/JPY
Date: Thu, 30 March 2006 13:10:01
Resistance levels: 117.90/118.00/118.50
Support levels: 116.90/116.40
USD/JPY has fallen down below 117.40 important Support.The sentiment has turn into negative and further downmove towards 116.60 may be seen later today.In short the situation is not determinated yet.Unfortunately,our Long position was stopped at 117.50 with small 35 pip loss.We prefer to stay out today.
Strategy-neutral.
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