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DAILY DAILY FX FORECASTS BY FX DREAM

*Last Updated September 28, 2006, 6:26 am

Daily report by Fx Dream

DAILY FX FORECASTS

FXDREAM EUR/USD

Date: Thu, 28 September 2006 13:10:01
Resistance levels: 1.2735/1.2780/1.2830
Support levels: 1.2665/1.2630/1.2600
EUR/USD has eased down to 1.2700 on weak German Unemployment numbers , after testing 1.2730-35 first Resistance area earlier today. Now markets are focused on US GDP Growth Numbers. With 2.9% consensus , numbers at 2.5 or below would be bullish for EUR/USD in short term, and number at 3.1% or higher may turn price back towards 1.2667 and 1.2630 previous bottoms later today.The bias remains bearish as long as price is below 1.2760 for test of 1.2630 crucial Support in near term. Look to sell upsticks for test of 1.2665 and 1.2630 later today.

Strategy-neutral.

FXDREAM GBP/USD

Date: Thu, 28 September 2006 13:10:01
Resistance levels: 1.8850/1.8915/1.8960
Support levels: 1.8770/1.8730/1.8700

GBP/USD has fallen further down to 1.8770 earlier today after Uk Housing Prices Release. The bias remains negative for the pair and further fall towards 1.8730 and 1.8700 previous bottom area may be seen on stronger than expected US GDP Numbers. On the upside, weak data from USA may cause temporary recovery towards 1.8850 before the next down wave towards 1.8730. Look to sell on recovery towards 1.8850 for retest of 1.8770 and 1.8731 previous bottom.

Strategy-neutral.

FXDREAM USD/JPY

Date: Thu, 28 September 2006 13:10:01
Resistance levels: 117.80/118.30
Support levels: 117.25/117.00/116.75

USD/JPY has remained between 117.27 Asia lows and 117.64 high in the last trading session. The uptrend for retest of 118.25 previous highs and 118.70 target remains intact as long as price is above 117.00 immediate Support. There is strong Support in the 116.75-70 area. Look to buy on downsticks for test of 117.80 and 118.29 previous high level after US GDP Release.

Strategy-neutral.

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