Trading Plan 6/21/04

Today's name of the game is slow market. I don't
expect to see much volatility in todays market. We
have dollar strength overnight and this morning. I do
not for see that reversing. For the most part the
markets will be in a good trading range for the next
week and a half, awaiting the decision by the FOMC.

I do not for see any major volatility, unless we have
major world events. There are some important #'s out
of the EuroZone w/ Germany and Tietary #'s from Japan.
The most important #'s form England is the release of
the MPC Minutes. Giving the markets further insight
on what should we expect from the BOE.

I would be looking for today to be a seller of GBP and
Euro. Will keep a close eye on Yen this week. Might
be the trade currency of the week. Yen has been the
strongest performer from last week against the dollar.

Will be looking to sell the pops. Hourly charts seem
to be a little on the downside. a 10 - 15 pip will be
a great trade for this week. Look to close winners
quickly.

GBP:
Resistance: 1.8320
Support: 1.8255 / 1.8230

Euro:
Resistance: 1.2120 / 1.2170
Support: 1.2075 / 1.2040

Yen:
Resistance: 108.90 / 109.25
Support: 107.80 / 107.50