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DAILY DAILY FX FORECASTS BY FX DREAM

*Last Updated September 22, 2006, 7:13 am

Daily report by Fx Dream

DAILY FX FORECASTS

FXDREAM EUR/USD

Date: Fri, 22 September 2006 13:10:01
Resistance levels: 1.2835/1.2878/1.2915
Support levels: 1.2785/1.2740/1.2680
EUR/USD has risen towards 1.2830-35 area after London Opening as it was suggested. The bias remains positive as long as price is above 1.2785 first immedaite Support now and a break above 1.2830 may cause retest of 1.2878 previous high level and further towards 1.2913 on Monday next week. On downside, reversal back below 1.2785 may turn price to 1.2715 . Stay Long trailing stop-loss higher to 1.2785.

Holding EUR/USD Long at 1.2795,Stop-loss-1.2785( up from 1.2760),Take profit-1.2830(1.2875)

FXDREAM GBP/USD

Date: Fri, 22 September 2006 13:10:01
Resistance levels: 1.9070/1.9100/1.9140
Support levels: 1.9000/1.8960/1.8900

GBP/USD has risen up to 1.9063 high earlier today. Further retreat down below 1.9011 last trading session bootom may turn price back to 1.8960-50 first crucial Resistance region later today. On the upside, a break above 1.9063 is needed for acceleration towads 1.9092-1.9100 previous high levels area. Stay Long for test of 1.9090 and 1.9140 next week. Trail stop-loss higher to entry price on a break above 1.9070.

Holding GBP/USD Long at 1.9040,Stop-loss-1.9010,Take profit-1.9090(1.9140)

FXDREAM USD/JPY

Date: Fri, 22 September 2006 13:10:01
Resistance levels: 116.70/117.20/117.50
Support levels: 116.10/115.60

USD/JPY has tested 116.10 first immediate Support earlier today. The sentiment remains bearish for test of 115.60 previous bottom till the end of the week. On the upside, first immediate Resistance comes at 116.70 now ahead of 117.20 trend one. Look to sell on upsticks for test of 115.60 .

Strategy-neutral.

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