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Forex Trading

DAILY SHORT-TERM FORECASTS FOR FOREX MAJORS BY GCM REACH

*Last Updated September 4, 2006, 6:26 pm

Daily report by Gcm Reach

Website: http://www.gcmreach.com

Email: accounts@gcmreach.com

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File Description:	** Daily GBP Trade / Tue. Sep. 05, 2006 **
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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 Tuesday September 5th, 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: Cable will face strong resistance level @ 1.9055/9085. Downmove will resume strongly & should broke 1.8990 support & reach 1.8895/25

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Supports: 1.9005/1.8965/1.8925 Resistances: 1.9065/1.9090/1.9130

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Plan: Sell 1.9055, stop above 1.9105, for downmove continuation toward 1.8990



J. Enrique Tolentino S.

CEO & Head Trader

ceo@gcmreach.com





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