| DAILY DAILY FX FORECASTS BY FX DREAM |
FXDREAM EUR/USD
Date: Wed, 13 September 2006 13:10:01
Resistance levels: 1.2735/1.2770/1.2800
Support levels: 1.2665/1.2640/1.2570
No change in our view after quiet morning European trade. The pair is trading ranged in the 1.2665-1.2740 region. The bias remains negative for the pair as long as price is below 1.2735 proven Resistance. A break below 1.2665 daily low and 1.2640 Friday bottom is likely to give scope for test of 1.2570 in the next days.Look to sell on upsticks towards 1.2735 or a break below 1.2640 for test of 1.2570. We have Treasury Budget Numbers later today at 18:00 GMT
Strategy-neutral.
FXDREAM GBP/USD
Date: Wed, 13 September 2006 13:10:01
Resistance levels: 1.8775/1.8810/1.8860
Support levels: 1.8710/1.8655/1.8600
GBP/USD has remained steady in the last hours supported by strong UK Uneployment data earlier today. As long as price is below 1.8775 crucial Resistance , the bias remains slighly negative and a break below 1.8707 may turn price back towards 1.8600 Friday lows. On the other side, there are strong Resistances at 1.8775 and then 1.8810. Look to sell a break below 1.8707 later today for a test of 1.8600.
Sell GBP/USD at 1.8707,Stop-loss-1.8747,Take profit-1.8630(1.8600)
FXDREAM USD/JPY
Date: Wed, 13 September 2006 13:10:01
Resistance levels: 118.15/118.70
Support levels: 117.40/116.95/116.50
USD/JPY has climbed to 118.15 Resistance yesterday as it was suggested. The uptrend remains intact for further squeeze towards 118.70 later today as long as price is above 117.40 first important Support .A break below may turn price back towards 116.95 key one. Look to buy downsticks towards 117.40 for test of 118.70 in the next trading sessions.
Strategy-neutral.
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