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Forex Trading

DAILY SHORT-TERM FORECASTS FOR FOREX MAJORS BY GCM REACH

*Last Updated October 1, 2006, 1:10 pm

Daily report by Gcm Reach

Website: http://www.gcmreach.com

Email: accounts@gcmreach.com

FILE DOWNLOAD

File Description:	** Daily JPY Trade / Mon. Oct. 02, 2006 **
File Name:	temporal.doc
File Size:	56832 bytes
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SHORT-TERM FORECASTS FOR FOREX MAJORS

Attached Above, you'll find today’s Trading Session chart analysis & forecast



FOREX FORECAST & ANALYSIS

Daily Report

By J. Enrique Tolentino S.

http://www.gcmreach.com



Asia Session Open: Tactical Strategy for Monday October 2nd, 2006: USD/JPY

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Medium Term Trend: Yen’s rise need the 117.85 resistance break in order to continue its move toward 119.35/121.05 & 123.90 tgt; else retrace 115.55/114.80

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Asian Session Expected Movement: ↓

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Today's Trade Analysis: JPY did retrace as expected. Now 117.95 (118.30 max) should contain & spark another round of selling towrd 116.10 /115.80 support level

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Supports: 117.45/117.10/116.75 Resistances: 117.95/118.30 /118.65

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Plan: Sell 117.95, stop above 118.45, for corrective fall to 116.10/115.80 support zone





J. Enrique Tolentino S.

CEO & Head Trader

ceo@gcmreach.com





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