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DAILY DAILY FX FORECASTS BY FX DREAM

*Last Updated March 8, 2007, 6:37 am

Daily report by Fx Dream

DAILY FX FORECASTS

FXDREAM EUR/USD

Date: Thu, 8 March 2007 13:10:05
Resistance levels: 1.3180/1..3215/1.3260
Support levels: 1.3090/1.3070/1.3045
EUR/USD has slipped down towards 1.3090-70 area after Trichet Press Conference at 13:30 GMT . Earlier today ECB has lifted the rates with 25 basis point as it was widely expected. In short term , further squeeze lower towards 1.3090-70 area is likely to be seen befotre the key US Non Farm Payrolls tomorrow at 13:30 GMT. On the upside, first Resistance comes in the 1.3175-80 area. Trade from Short side for retest of 1.3070 bottom and even lower towards 1.3045 and 1.3000 psychological level tomorrow.

Strategy-neutral.

FXDREAM GBP/USD

Date: Thu, 8 March 2007 13:10:05
Resistance levels: 1.9360/1.9410/1.9470
Support levels: 1.9260/1.9220/1.9180

GBP/USD has fallen below 1.9300 earlier today as Bank of England has left the rates unchanged at 5.25%. The bias remains bearish and further fall towards 1.9225-20 area may be seen before the key US Non-Farm Payrolls Numbers tomorrow. First Support comes in the 1.9560-55 area..On the upside, there is strong important Resistance in the 1.9350-60 area. A break above that level is needed for further recovery towards 1.9470.

Strategy-neutral.

FXDREAM USD/JPY

Date: Thu, 8 March 2007 13:10:05
Resistance levels: 117.50/118.00/118.80
Support levels: 116.50/116.15/115.55

USD/JPY has risen further towards 117.50 earlier today after break beyond 116.90 previous crucial Resistance as it was suggested. Further recovery towards 117.85-118.00 region may be seen over the next trading sessions before the key US Payrolls Numbers tomorrow. On downside, first important Support comes around 116.50.

Strategy-neutral.

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