Daily Forex Forecasts 15-mar-2005 09:00GMT

Daily Forex Forecasts 15-mar-2005 08:30GMT

EUR/USD

Resistance levels:1.3380/ 1.3425/ 1.3480
Support levels: 1.3335/ 1.3280/ 1.3240

EUR/USD reached 1.3330 as expected.Now upwave towards 1.3415 may be seen ,before the next downmove towards 1.3335 again and even 1.3285.The pair meets Strong Resistance at 1.3425.Today very important US Data will be released in Ney York session ,that may lead to sell-off and new test of 1.3330 lows.

Sell EUR at 1.3415,Stop-loss-1.3435,Take profit-1.3335(1.3285)
USD/JPY

Resistance levels:104.90/ 105.25/105.60
Support levels: 104.45/103.80/ 103.60 /103.05

USD/JPY found temporary Resistance in the 104.90-105.00 region and bounced towards 104.45 minor Support.The pair meets very strong Support at 103.80.If the Support at 104.45 holds,new upwave towards 105.25 may be seen.
.
Buy USD at 104.40,Stop-loss-104.20,Take profit-105.00(105.20)
EUR/JPY

Resistance levels:140.55-60/141.00
Support levels: 139.90 /139.50/139.20/ 138.75

The Cross found temporary Support in the 1.3990-80 area.Now the situation remains very unpredictable for the pair.Fall below 1.3980 again may lead price towards 1.3900 and even 1.3855.On the other side,new test of 140.60
highs is also not ruled out.

Strategy-neutral.
GBP/USD

Resistance level:1.9160/1.9180/1.9280-90
Support levels:1.9110-00/1.9060

The Pound found strong Support at 1.9100 and bounced towards 1.9160-80 Resistance area.Levels of 1.9200 may be reached ,before the next downmove towards 1.9100 and lower towards 1.9060.The key Support stands at 1.9100.

Strategy-neutral.