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Forex Trading

DAILY SHORT-TERM FORECASTS FOR FOREX MAJORS BY GCM REACH

*Last Updated October 11, 2006, 5:35 pm

Daily report by Gcm Reach

Website: http://www.gcmreach.com

Email: accounts@gcmreach.com

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File Description:	** Daily JPY Trade / Thu. Oct. 12, 2006 **
File Name:	temporal.doc
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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 Thursday October 12th, 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: Yen also need a ST correction lower B4 continue its MT rise toward 121.50 initial target. Anyhow support around 118.35/00 should hold fall

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Supports: 118.80/118.45/118.10 Resistances: 119.85/120.20 /120.55

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Plan: Sell HSL @ 119.80, stop above 120.25, 4 corrective downmove tward 118.35/00





J. Enrique Tolentino S.

CEO & Head Trader

ceo@gcmreach.com





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