| DAILY DAILY FX FORECASTS BY FX DREAM |
FXDREAM EUR/USD
Date: Thu, 30 November 2006 13:10:01
Resistance levels: 1.3200/1.3240/1.3280
Support levels: 1.3130/1.3100/1.3070
EUR/USD has remained strong fore retest of 1.3215 yesterday high earlier today as it was suggested in our previous report. Now focus will be on US Core PCE and Personal Spending and Income Numbers at 13:30 GMT and Chicago PMI later at 15:00 GMT. It is expected Core PCE Price Index to come out at 0.1% versus 0.2% previous month. If it comes out at 0% or lower it would be bullush for the pair,sending price higher to 1.3240 at least and 1.3270-80 region later today. On the other side, If it comes out at 0.3% or higher pullback down towards 1.3160 and 1.3130 bottom may be seen later today. Look to buy on downsticks for test of 1.3240 and 1.3280 on soft data from USA.
Strategy-neutral.
FXDREAM GBP/USD
Date: Thu, 30 November 2006 13:10:01
Resistance levels: 1.9580/1.9630/1.9700
Support levels: 1.9510/1.9440/1.9390
GBP/USD has rebounded strongly to 1.9580 nex Resistance in the last trading sessions supported by stronger than expected UK Housing Prices data earlier today. We have booked 80 pips profit over the first part of our Long entered at 1.8460. The second part , unfortunately has been stopped yesterday at 1.9480 with small 20 pips profit. Now the sentiment remains positive as long as price is above 1.9510-00 Support region and 1.9440 bottom from yesterday for further rally beyond 1.9600 record level towards 1.9630 and even 1.9700 record high over today and tomorrow on soft data from USA. Look to buy again on downsticks for test of 1.9630 and even 1.9700
Buy GBP/USD at 1.9580,Stop-loss-1.9540,Take profit-1.9635(1.9690)
FXDREAM USD/JPY
Date: Thu, 30 November 2006 13:10:01
Resistance levels: 116.50/117.00
Support levels: 115.85/115.40/115.10
USD/JPY unable to penetrate through 116.50 key Resistance. No change in our view. The bias remains bearish for retest of 115.40 bottom and even lower towards 115.10 in longer term as long as price is below 116.50 important Resistance. Only a break above may cause deeper recovery towards 117.35 in the next days.
Strategy-neutral.
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