Daily Forex Forecasts 23-feb-2005 09:00GMT www.iforex.org

Daily Forex Forecasts 23-feb-2005 08:30GMTEUR/USDResistance levels:1.3275/ 1.3295 /1.3310Support levels:1.3220/ 1.3185-80 /1.3130EUR/USD has risen to 1.3275 after break of the crucial previous Resistance at 1.3225.That was the 3th upwave and now a correction in 4th wave may take place at least towards 1.3225-20,even 1.3185-80.Then a new upmove towards 1.3275 and 1.3300 may be seen.The key Support stands at 1.3180.Buy EUR at 1.3180,Stop-loss-1.3160,Take profit-1.3270USD/JPYResistance levels: 104.80-85/105.00/ 105.65Support levels: 104.30/ 103.80USD/JPY has broken the immediate previous Resitance and climbed to 104.85.At these levels the pairs is finding strong Support and new downmove towards 103.80 may take place soon.The key Support stands at 103.80-70Sell USD at current levels,Stop-loss-104.85,Take profit-103.80EUR/JPYResistance levels: 138.80/ 139.70Support levels: 138.30/ 137.80 / 137.50The Cross rose to 138.80 after the break of the crucial previous Resistance at 138.30 These levels around 138.30 are now important Support for the pair.if it holds,a new rise towards 138.80 and 139.70 may take place.Thereversal point now is at 137.50.Strategy-neutral.GBP/USDResistance level: 1.9080/ 1.9130 / 1.9190Support levels: 1.8975/1.8860The Pound rose to 1.9125 ,where it found strong Resistance and now the pair is in consolidation again towards 1.8980-75.If the crucial Support at 1.8975 is broken,further fall towards 1.8860 may be seen.The key Supportstands at 1.8970.Strategy-neutral