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DAILY DAILY FX FORECASTS BY FX DREAM

*Last Updated March 12, 2007, 9:31 am

Daily report by Fx Dream

DAILY FX FORECASTS

FXDREAM EUR/USD

Date: Mon, 12 March 2007 13:10:01
Resistance levels: 1.3185/1..3215/1.3260
Support levels: 1.3140/1.3090/1.3070
EUR/USD has risen towards 1.3180 Friday max levels earlier today as it was suggested. As long as price is above 1.3140 minor first Support further squeeze higher towards 1.3215 strong Resistance is possible over today and tomorrow.. On downside, 1.3090 provides strong Support for now. Look to buy on pullback for test of 1.3215 over the next couple of days.

Strategy-neutral.

FXDREAM GBP/USD

Date: Mon, 12 March 2007 13:10:01
Resistance levels: 1.9350/1.9410/1.9450
Support levels: 1.9250/1.9220/1.9185

GBP/USD has fallen sharply directly down towards 1.9260-50 area earlier today as price has failed to penetrate beyond 1.9430 on positive data from UK. The bias remains bearish as long as price is below 1.9450 Resistance and test of 1.9185-80 bottom area and even lower towards 1.9100 may be seen over today and tomorrow. In short term, below 1.9260-50 immediate Support further squeeze lower to 1.9220 may be seen. On the other side, there is crucial Resistance around 1.9350. Look to sell on rebound for test of 1.9185-80 bottom and 1.9100 in mid term.

Strategy-neutral.

FXDREAM USD/JPY

Date: Mon, 12 March 2007 13:10:01
Resistance levels: 118.00/118.80/119.50
Support levels: 117.00/116.15/115.50

USD/JPY has fallen heavily down towards 117.00 strong Support after massive selloffs. The bias remains bearish as long as price is below 118.80 key Resistance in longer term . In short term range trade between 118.00 first Resistance and 117.20 daily low is likely to be seen later today. Stay aside for now.

Strategy-neutral.

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