EURJPY

EURJPY closed @ 13490 which was ABOVE the open and breached the previous day's high. The High was 5 pips from Precise Trader's Res Tgt 3 and the Low was PRECISELY at Precise Trader's Sup Tgt 1.   The Hourly Oscillators are Turning Bearish and the price is Within the MA, so the Bulls have to be CAUTIOUS. Hourly Trend is Sideways Down while 13575 holds and Daily Trend is also Sideways Down while 13785 holds, so expect the price  to be Choppy with a Downside bias.   The  Price  has closed  above the Res U turn  Zone 5 but the bulls gave up mildly towards the close . EUR  is  Flat  with a Weak  bias and JPY is Strong , so  both cross should drag  EURJPY lower .  The  Hourly  trend is creeping lower and we believe the high may have been seen , the price should not trade above 13525-75  to maintain the bearish outlook . On the 5 min is  choppy but along the gradual Down Channel  and patterns are  suggesting lower while 13525 is not breached.  ECB  rate announcement today.

BULLS:   13340   13270   13170       BEARS:   13455   13495    

Conservative Traders:  SIDELINED or strictly trade only at Precise Trader's Report Levels.                

Aggressive Traders :  SHORT near   13455   13525   with a tight stop with a 50 pips price target.       

GBPJPY

GBPJPY closed @ 15030 which was ABOVE the open and breached the previous day's high. The High was 30 pips from Precise Trader's Res Tgt 3 and the Low was PRECISELY at Precise Trader's Sup Tgt 1.   The Hourly Oscillators are Turning Bearish and the price is Within the MA, so the Bulls have to be CAUTIOUS. Hourly Trend is Sideways Down while 15090 holds and Daily Trend is also Sideways Down while 15330 holds, so expect the price  to be Choppy with a Downside bias.   The  Price  has closed  just above  the Res U Turn  Zone 5 and the bulls gave up mildly  towards  the  close. GBP is  Weak  and JPY is Strong , so both the cross  should drag  GBPJPY lower .The  Hourly trend is creeping lower  and we believe the high may have been seen ,  the price should not trade above 14995-15090   to maintain the bearish outlook . On the 5 min is along the steep Down Channel  and  patterns   are suggesting lower while 14995-15055 is not breached. BOE  rate announcement today.

BULLS:   14885   14815   14760       BEARS:   15000   15065   15140 

Conservative Traders:  SIDELINED or strictly trade only at Precise Trader's Report Levels.                

Aggressive Traders :  SHORT near   15000   15050   with a tight stop with a 50 pips price target.       

AUDJPY

AUDJPY closed @ 8260 which was ABOVE the open and breached the previous day's high.  The High was 10 pips from Precise Trader's Res Tgt 3 and the Low was 10 pips from Precise Trader's Sup Tgt 1.   The Hourly Oscillators are Turning Bearish and the price is Within the MA, so the Bulls have to be CAUTIOUS. Hourly Trend is Sideways Down while 8320 holds and Daily Trend is also Sideways Down while 8530 holds, so expect the price  to be Choppy with a Downside bias.   The Price has  closed  exactly at the Res U Turn  Zone  5 with the bulls  gave up mildly towards  the close . AUD  is  Weak and JPY  is Strong   , so both the cross should drag AUDJPY  lower. The  Hourly  is creeping lower and we believe the high may have been seen, the price should not trade above 8285-83255  to maintain the bearish outlook. On the 5 min is  along the steep Down Channel  and the patterns are suggesting lower while 8235-85 is not breached. 

BULLS:   8130   8085   8025       BEARS:   8235   8305    

Conservative Traders:  SIDELINED or strictly trade only at Precise Trader's Report Levels.                

Aggressive Traders :  SHORT near   8235   8285   with a tight stop with a 50 pips price target.