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DAILY DAILY FX FORECASTS BY FX DREAM

*Last Updated June 28, 2006, 6:54 am

Daily report by Fx Dream

DAILY FX FORECASTS

FXDREAM EUR/USD

Date: Wed, 28 June 2006 13:10:01
Resistance levels: 1.2615/1.2650/1.2685
Support levels: 1.2535/1.2500/1.2475
EUR/USD has stayed flat during the morning European trade as markets are waiting for FOMC Decision tomorrow. Range trade between 1.2535 crucial Support and 1.2630 area is the preferred scenario for today. In short we have slightly bullish bias for a test of 1.2615-20 area later today. in longer term, the sentiment remains negative and a break below 1.2535 tomorrow may open territory for further fall towards 1.2475 previous lows and 1.2410 in longer term.

Strategy-neutral.

FXDREAM GBP/USD

Date: Wed, 28 June 2006 13:10:01
Resistance levels: 1.8260/1.8315/1.8380
Support levels: 1.8180/1.8125/1.8100

GBP/USD has dropped further earlier today but price has found Support at 1.8160. Later today rebound towards 1.8240 Asia high is likely to be seen. As long as price is below 1.8260 strong trend Resistance the sentiment remains negative for the pair and a break below 1.8160 will push price lower towards 1.8125 and 1.8080 maybe tomorrow and towards 1.7920 in longer term.

Strategy-neutral.

FXDREAM USD/JPY

Date: Wed, 28 June 2006 13:10:01
Resistance levels: 116.60/117.00/117.50
Support levels: 116.15//115.85/115.30

USD/JPY has stayed unchanged after quiet morning European trade. One more ranged trading day between 115.85 and 116.60 is likely to be seen today. In longer term, the uptrend remains intact as long as price is above 115.85 for a rally towards 117.40-50 area. On downside, fall below 115.85 may push price lower towards 115.30 key Support. Look to buy on dips for test of 117.00 and higher ahead or after FOMC Desicion tomorrow.

Strategy-neutral.

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