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DAILY DAILY FX FORECASTS BY FX DREAM

*Last Updated June 12, 2006, 7:14 am

Daily report by Fx Dream

DAILY FX FORECASTS

FXDREAM EUR/USD

Date: Mon, 12 June 2006 13:10:01
Resistance levels: 1.2650/1.2690/1.2725
Support levels: 1.2550/1.2520/1.2470
EUR/USD has dropped to new fresh lows below 1.2590 previous key Support during the morning European trade. Now the bias remains bearish for the pair as long as 1.2690-1.2700 key Resistance region remains intact and further downmove down to 1.2540 and 1.2520 may be seen later today. Pullback up to 1.2625-30 area also may be seen in near term. First Resistance is in the 1.2650-55 region.

Strategy-neutral.

FXDREAM GBP/USD

Date: Mon, 12 June 2006 13:10:01
Resistance levels: 1.8470/1.8535/1.8610
Support levels: 1.8365/1.8300/1.8270

GBP/USD has retested overnight low at 1.8381 earlier today. The sentiment remains bearish and further downmove towards 1.8365 key Support and lower to 1.8300 may be seen later today after pullback to 1.8450 or 1.8470. The sentiment remains bearish as long as price is below 1.8530-35 key Resistance region. In longer term we may target 1.8150 for the pair. Selling on rally towards 1.8470-80 region is worth for a test of 1.8365 previous low and below to 1.8300.

Strategy-neutral.

FXDREAM USD/JPY

Date: Mon, 12 June 2006 13:10:01
Resistance levels: 114.50/115.00/115.50
Support levels: 113.55/112.90/112.48

USD/JPY has squeezed higher to 114.55 during the morning European trade. The uptrend towards 115.00 psichological level and then 115.50 final up target remains intact as long as price is above 113.90 first Support and 113.55 key Support. Only fall back below 113.60 may push price lower to 113.00-112.90 region later today.

Strategy-neutral.

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