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DAILY DAILY FX FORECASTS BY FX DREAM

*Last Updated June 9, 2006, 7:12 am

Daily report by Fx Dream

DAILY FX FORECASTS

FXDREAM EUR/USD

Date: Fri, 9 June 2006 13:10:01
Resistance levels: 1.2690/1.2725/1.2760
Support levels: 1.2625/1.2590/1.2550
EUR/USD has staeyed quiet with pullback up to 1.2675 as it was suggested ahead of US Trade Balance Release. Better than expected numbers may push price lower down to 1.2550-40 area at least later today. The max low for today is at 1.2518. On upside, any pullback will be capped by 1.2690 Resistance. First Support is at 1.2590.

Sell EUR/USD at 1.2605,Stop-loss-1.2640,Take profit-1.2550(1.2500)

FXDREAM GBP/USD

Date: Fri, 9 June 2006 13:10:01
Resistance levels: 1.8470/1.8535/1.8610
Support levels: 1.8390/1.8350/1.8300

GBP/USD has dipped back towards yesterdays lows after US Data Release and quiet morning European trade. Later today 1.8335 Support and 1.8300 psychological level may be reached. Only Bernanke Speech later today may cause pullback back above 1.8400. Selliing on breakout below yestedays low is worth for test of 1.8300 later today.

Strategy-neutral.

FXDREAM USD/JPY

Date: Fri, 9 June 2006 13:10:01
Resistance levels: 114.10/114.80/115.50
Support levels: 113.45/112.90/112.48

USD/JPY has stayed above 113.45 in the morning European trade and now bounce back towards 114.80 previous high region and even further beyond 115.00 is likely to be seen later today . In longer term we may traget 115.50 before signifficant pullback to be seen. First crucial Support is at 113.60-45 area.

Buy USD/JPY at 114.20,Stop-loss-113.85,Take profit-114.75(115.40)

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