*Last Updated September 16, 2006, 4:26 pm

Daily report by Gcm Reach

Website: http://www.gcmreach.com

Email: accounts@gcmreach.com

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SHORT-TERM FORECASTS FOR FOREX MAJORS

Attached Above, you'll find today’s Trading Session chart analysis & forecast



FOREX FORECAST & ANALYSIS

Daily Report

By J. Enrique Tolentino S.

http://www.gcmreach.com



Asia Session Open: Tactical Strategy for Monday September 18th, 2006: USD/JPY

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Medium Term Trend: Yen’s rise need the 117.85 resistance break in order to continue its move toward 119.35/121.05 & 123.90 tgt; else retrace 115.55/114.80

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Asian Session Expected Movement: ↑

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Today's Trade Analysis: JPY should find support above 117.20 support level & spark a powerful upmove toward 118.05 resistance & then 118.70/90 initial ST tgt.

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Supports: 117.40/117.05/116.70 Resistances: 117.70/118.05 /118.40

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Plan: Buy 117.40, stop below 116.90, 4 rise toward 118.05/70-90 enroute to 119.35





J. Enrique Tolentino S.

CEO & Head Trader

ceo@gcmreach.com





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