FOREX FORECAST & ANALYSIS
Daily Report
By J. Enrique Tolentino S.
http://www.gcmreach.com
Asia Session Open: Tactical Strategy for Friday September 1st, 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 1.9050/9130 to reach 1.8530/8395-10 support.
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Asian Session Expected Movement: →
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Today's Trade Analysis: Cable retrace as predicted, but high volatility is awaited in sessions. Anyhow, as long as 1.9090 holds chance for 1.8985 & lower is there
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Supports: 1.9005/1.8965/1.8925 Resistances: 1.9055/1.9090/1.9125
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Plan: Stay out until further notice. I better C Asian trading session & watch 1.9055/90 [read document]
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