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DAILY SHORT-TERM FORECASTS FOR FOREX MAJORS BY GCM REACH

*Last Updated October 17, 2006, 5:29 pm

Daily report by Gcm Reach

Website: http://www.gcmreach.com

Email: accounts@gcmreach.com

FILE DOWNLOAD

File Description:	** Daily GBP Trade / Wed. Oct. 18, 2006 **
File Name:	temporal.doc
File Size:	56320 bytes
File Type:	application/msword

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 Wednesday October 18th, 2006: GBP/USD

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Medium Term Trend: Cable technical picture is cloudy due to a false upward break. Now need to stay below 1.9090/9130 to reach 1.8530/8395-10 support.

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Asian Session Expected Movement: ↓

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Today's Trade Analysis: GBP should find ST resistance around 1.8730/60 & spark another attempt lower toward 1.8475/60 support zone. We’ll try HSL sell

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Supports: 1.8675/1.8640/1.8600 Resistances: 1.8430/1.8760/1.8795

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Plan: Sell HSL @ 1.8725, stop loss above 1.8775, 4 fall continuation to 1.8475/60





J. Enrique Tolentino S.

CEO & Head Trader

ceo@gcmreach.com





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