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DAILY DAILY FX FORECASTS BY FX DREAM

*Last Updated November 22, 2006, 8:49 am

Daily report by Fx Dream

DAILY FX FORECASTS

FXDREAM EUR/USD

Date: Wed, 22 November 2006 13:10:01
Resistance levels: 1.2900/1.2940
Support levels: 1.2850/1.2800/1.2760
EUR/USD has risen to 1.2890 earlier today.The bias remains positive for test of 1.2900 previous high later today and even 1.2940 in mid-term.. First minor Support comes at 1.2850 now. .Only a break below 1.2800 may reverse the bias towards towards 1.2760 last week lows and even 1.2745-43 strong Support. Look to buy on downsticks for retest of 1.2900 at least and higher towards 1.2940 over the next days.

Strategy-neutral.

FXDREAM GBP/USD

Date: Wed, 22 November 2006 13:10:01
Resistance levels: 1.9100/1.9150/1.9180
Support levels: 1.9050/1.9000/1.8940

GBP/USD has risen strongly for test of 1.9100 after Bank of England Minutes as it was suggested. Our first target has been touched with 60 pips profit.. The bias remains bullish for test of 1.9150 strong Resistance test ahead of ThankGiving Holiday tomorrow. On the other side. first Support comes at 1.9050 now . A break below may turn price back towards 1.8940 . Trade from Long side for test of 1.9100 and 1.9150.

Holding GBP/USD Long at 1.9030,Stop-loss-1.9045(up from 1.8995),Take profit-1.9090(1.9145)

FXDREAM USD/JPY

Date: Wed, 22 November 2006 13:10:01
Resistance levels: 117.35/117.80/118.30
Support levels: 117.00/116.57

USD/JPY has fallen below 117.50 previous strong Support in Asia, breaking below 117.10 target and previous bottom and earlier today.The bias remains bearish for retest of 116.57 bottom. On the upside, first Resistance comes at 117.35. Trade from short side for test of 116.57 at least.

Strategy-neutral.

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