EURJPY

EURJPY is trading well above the daily open and above the prior week's high. The price is making higher highs and higher lows on the Hourly Chart . The Price has breached the U turn Zone held precisely at our Resistance target 2 and trading above the Resistance Zone 1 with the low being 10 pips shy of our Support Zone 1. The Hourly Oscillators are bullish but weak and price is moving away from the MA, so the bears have to be Sidelined. The patterns on the 5min chart are choppy. Being the beginning of the week Cautious approach is needed . Conservative traders should look to be Sidelined and Aggressive traders should look to do the same or LONG on pull back near 13325-13260 level with a tight Stop for a quick profit. Expect a quiet US session unless there is a big move from the US equities.

GBPJPY

GBPJPY is trading well above the daily open and above the prior week's high. The price is making higher highs and higher lows on the Hourly Chart . The Price has breached the U turn Zone and trading well above the Resistance Zone 1 with the low being 10 pips shy of our Support Zone 1. The Hourly Oscillators are bullish but weak and price is moving away from the MA, so the bears have to be Sidelined. The patterns on the 5min chart are choppy. Being the beginning of the week Cautious approach is needed . Conservative traders should look to be Sidelined and Aggressive traders should look to do the same or LONG on pull back near 15480-15435 level with a tight Stop for a quick profit. Expect a quiet US session unless there is a big move from the US equities.

AUDJPY

AUDJPY is trading well above the daily open and above the prior week's high. The price is making higher highs and higher lows on the Hourly Chart . The Price has breached the U turn Zone and trading well above the Resistance Zone 1 with the low being precisely at our Support Zone 1. The Hourly Oscillators are bullish but weak and price is moving away from the MA, so the bears have to be Sidelined. The patterns on the 5min chart are choppy and the price is holding on to our daily level. Being the beginning of the week Cautious approach is needed . Conservative traders should look to be Sidelined and Aggressive traders should look to do the same or LONG on pull back near 7620-7590 level with a tight Stop for a quick profit. Expect a quiet US session unless there is a big move from the US equities.