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DAILY DAILY FX FORECASTS BY FX DREAM

*Last Updated February 2, 2007, 6:21 am

Daily report by Fx Dream

DAILY FX FORECASTS

FXDREAM EUR/USD

Date: Fri, 2 February 2007 13:10:02
Resistance levels: 1.3050/1.3090/1.3120
Support levels: 1.2980/1.2920/1.2880
EUR/USD has remained flat earlier today. Today focus will be on US Non Farm Payrolls Numbers a 13:30 GMT. The consensus is at 150 K. If the reading comes out at 180K or higher, sharp fall down towards 1.2925-20 area and 1.2880 bottom in mid term is likely to be seen after the event. On the other side, further sharp rally towards 1.3100-20 area is possible on US Payrolls at 100K or below after the event. First Resistance comes around 1.3050.

Strategy-neutral.

FXDREAM GBP/USD

Date: Fri, 2 February 2007 13:10:02
Resistance levels: 1.9730/1.9765/1.9800
Support levels: 1.9650/1.9560/1.9515

GBP/USD has remained ranged below 1.9730 first immediate Resistance before the key US Non Farm Payrolls in few minutes. We have booked 60 pip over the first half of our Long position. Unfortunately, the second part has been stopped at entry price with no loss nor profit. The bias has reversed in short term for further sharp rally towards 1.9800 and 1.9850 in mid term at least possible on soft US Payrolls Numbers. On the other side, sharp fall towards 1.9515 and even retest of 1.9475 bottom is possible on strong US data.First immediate Support at 1.9650. Buy on soft US Data for test of 1.9800 and 1.9850 after the event.

Buy GBP/USD at 1.9715,Stop-loss-1.9680,Take profit-1.9800(1.9840)

FXDREAM USD/JPY

Date: Fri, 2 February 2007 13:10:02
Resistance levels: 121.15/121.75/122.20
Support levels: 120.15/119.80/119.20

USD/JPY has squeezed higher above 121.00 earlier today before the key US Non Farm Payrolls Numbers later today at 13:30 GMT . The bias remains bearish in short term for test of 120.10 and even 119.80-70 key Support area after US Non Farm Payrolls Numbers later today.. On the other side, strong data from USA may resume the uptrend towards 122.20 previous high. First key Resistance comes around 121.75

Strategy-neutral.

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