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** Asia Open: Daily EUR & JPY Trade / Wed. Dec. 28, 2005 **
Forex Technical Pattern Recognition: Forecast & Analysis EUR Asian Session Expected Movement: Up Today's Trade Analysis: Euro ST upmove was rejected, but seems support around 1.18 will contain & attempt another move higher, toward @ least 1.1910/30 -------------------------------------------------------------------------------------------- Supports: 1.1820/1.1785/1.1750 Resistances: 1.1870/1.1900/1.1935 -------------------------------------------------------------------------------------------- Plan: Watch Asian development & install entry positions until European session opens JPY Asian Session Expected Movement: Down Today's Trade Analysis: Yen is correcting from oversold levels. It should find resistance around 117.45 & continue its downmove toward 115.30 previous low --------------------------------------------------------------------------------------------- Supports: 117.00/116.65/116.20 Resistances: 117.45/117.80 /118.15 --------------------------------------------------------------------------------------------- Plan: Sell 117.45, stop above 117.80, 4 downmove continuation towrd @ least 115.30 ceo@gcmreach.com |