** Asia Open: Daily JPY Trade / Mon. Oct. 2, 2006 **
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Email to a friend Email to a friend     Print version Print version     PDF version PDF version 01 Oct 2006, 12:14 GMT by GCM Reach
Home : Forex Forecasts : ** Asia Open: Daily JPY Trade / Mon. Oct. 2, 2006 **
** Asia Open: Daily JPY Trade / Mon. Oct. 2, 2006 **

FOREX FORECAST & ANALYSIS


Daily Report


By J. Enrique Tolentino S.


http://www.gcmreach.com




Asia Session Open: Tactical Strategy for Monday October 2nd, 2006: USD/JPY

***************************************************************

Medium Term Trend: Yen’s rise need the 117.85 resistance break in order to continue its move toward 119.35/121.05 & 123.90 tgt; else retrace 115.55/114.80

***************************************************************

Asian Session Expected Movement: ↓

--------------------------------------------------------------------------------------------

Today's Trade Analysis: JPY did retrace as expected. Now 117.95 (118.30 max) should contain & spark another round of selling towrd 116.10 /115.80 support level

--------------------------------------------------------------------------------------------

Supports: 117.45/117.10/116.75 Resistances: 117.95/118.30 /118.65

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Plan: Sell 117.95, stop above 118.45, for corrective fall to 116.10/115.80 support zone





J. Enrique Tolentino S.

CEO & Head Trader

ceo@gcmreach.com

[read document]
Provided by: http://www.gcmreach.com   GCM Reach

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