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Forex Trading

DAILY DAILY FX FORECASTS BY FX DREAM

*Last Updated November 24, 2006, 7:06 am

Daily report by Fx Dream

Website: http://www.fxdream.com

Email: contact@fxdream.com

DAILY FX FORECASTS

FXDREAM EUR/USD

Date: Fri, 24 November 2006 13:10:01
Resistance levels: 1.3150/1.3200/1.3240
Support levels: 1.3050/1.3000/1.2960
EUR/USD has soared directly beyond 1.3100 19 months record high earlier today. The bias remains positive for further rally towards 1.3150 and higher in the first days of the next week and 1.3480-3500 in longer term. First Resistance now comes at 1.3110.On downside , first minor Support is around 1.30500 ahead of 1.3000 psychological level. Look to buy on downsticks for test of 1.3150 and higher over the next days.

Strategy-neutral.

FXDREAM GBP/USD

Date: Fri, 24 November 2006 13:10:01
Resistance levels: 1.9350/1.9390/1.9450
Support levels: 1.9290/1.9230/1.9180

GBP/USD has soared sharply directly to 1.9350 2 years record high after UK GDP Numbers Release earlier today. Price has directly reached our second target at 1.9270 for 100 pips profit for our Long entered earlier today at 1.9170. The bias remains bullish for test of 1.9500 in longer term .In near term, first target comes at 1.9390. On the other side, first minor Support comes at 1.9300-9290 area ahead of 1.9230 key one. Look to buy again on downsticks towards 1.9290-50 region for test of 1.9390 and higher

Strategy-neutral.

FXDREAM USD/JPY

Date: Fri, 24 November 2006 13:10:01
Resistance levels: 116.10/116.50/117.00
Support levels: 115.50/115.10/114.70

USD/JPY has fallen further towards 115.50 as it was suggested in our previous report. The bias remains bearish for retest of 115.50 bottom later today and even lower towards 115.10 in mid term. On the upside, first Resistance comes at 116.10 ahead of 116.50 signifficant one. Trade from short side for test of 115.00 and lower in the next days

Strategy-neutral.



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