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DAILY DAILY FX FORECASTS BY FX DREAM

*Last Updated September 15, 2006, 6:31 am

Daily report by Fx Dream

DAILY FX FORECASTS

FXDREAM EUR/USD

Date: Fri, 15 September 2006 13:10:05
Resistance levels: 1.2735/1.2780/1.2800
Support levels: 1.2665/1.2640/1.2570
EUR/USD has dipped down towards 1.2665 first crucial Support after muted reaction of the EU CPI earlier today. The bias remains negative ahead of key US Consumer Price Index at 12:30 GMT. A break below 1.2665 may send price lower for test of 1.2570-60 target later today and in the first trading sessions next week. On the other side, rebound back towards 1.2735 may be seen later today. Unfortunately, our Long position has been stopped earlier today at 1.2685 with 35 pip loss.

Sell EUR/USD at 1.2660,Stop-loss-1.2690,Take profit-1.2600(1.2570)

FXDREAM GBP/USD

Date: Fri, 15 September 2006 13:10:05
Resistance levels: 1.8880/1.8925/1.8960
Support levels: 1.8780/1.8755/1.8710

GBP/USD has dropped down to 1.8800 earlier today following EUR/USD weakness. The next direction will depends on US Consumer Price Index in few minutes. Further downmove to 1.8755 and even lower to 1.8710 key Support has equal chances with rebound back towards 1.8882 daily high level, giving scope for test of 1.8860 next week.

Strategy-neutral.

FXDREAM USD/JPY

Date: Fri, 15 September 2006 13:10:05
Resistance levels: 118.15/118.70
Support levels: 117.35/116.95/116.50

USD/JPY has remained in the 117.30-117.80 range earlier today. Market is waiting for US CPI in few minutes. On downside, a break below 117.30 may send price lower to 117.00-116.95 strong Support area. In mid-term we still favour the uptrend for retest of 118.15 previous high level and 118.70 target later today after US Consumer Price Index.

Holding USD/JPY Long at 117.60,Stop-loss-117.25,Take profit-118.15(118.65)

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