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DAILY DAILY FX FORECASTS BY FX DREAM

*Last Updated June 19, 2006, 7:06 am

Daily report by Fx Dream

DAILY FX FORECASTS

FXDREAM EUR/USD

Date: Mon, 19 June 2006 13:10:01
Resistance levels: 1.2650/1.2672/1.2695
Support levels: 1.2565/1.2530/1.2470
EUR/USD has fallen below 1.2600 after quiet trade in early European hours. The bias remains negative and further downmove towards 1.2537-30 key Support area is likely to be seen later today. A break below 1.2530 will open territory for further sell off towards 1.2410 later this week. On the upside, first immediate Support comes at 1.2618. If it is broken, further upmove may extend towards 1.2652 and 1.2672 Fridays highs.

Sell EUR/USD at 1.2580,Stop-loss-1.2614,Take profit-1.2537(1.2475)

FXDREAM GBP/USD

Date: Mon, 19 June 2006 13:10:01
Resistance levels: 1.8472/1.8560/1.8610
Support levels: 1.8410/1.8360/1.8315

GBP/USD has made pullback up to 1.8485 earlier today. The sentiment remains negative and later today another sell off towards 1.8370-60 region is likely to be seen. First immediate Support is at 1.8410. Breakout below 1.8370 may open territory for further fall towards 1.8316 and 1.8150 in longer term. If the 1.8417-10 Support area holds, range trade between 1.8417 and 1.8485 is possible till the end of the day.

Strategy-neutral.

FXDREAM USD/JPY

Date: Mon, 19 June 2006 13:10:01
Resistance levels: 115.80/116.38
Support levels: 115.30/114.80/114.50

USD/JPY has stayed above 115.50-40 first immediate Support area. The uptrend remains intact as long as price is above 115.30 and further upmove towards 116.30-40 region is likely to be seen after US Opening. Trade from Long side as long as price is above 115.30.

Strategy-neutral.

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