Wednesday, July 05, 2006

05.07 - Commentary

usd stronger today after ADP National Employment Report,

eur/usd - testing 1,2700 support, resistance near 1,2750
usd/jpy - support at 114,65 holds, resistance at 115,25 was taken out, now 115,70
gbp/usd - 1,8300/20 support holds, watch today's close

important this week:

tommorow: ECB and BOE rate decision

friday: US NFP and CAD NFP

if you are long usd as i wrote earlier you should take profit, and hold yen longs


good luck

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