EURJPY

EURJPY closed @ 13350 which was BELOW the open and was within prior day's trading range. The High was 5 pips from Precise Trader's Res Zone 1 and the Low was 20 pips from Precise Trader's Hrly Level.   The Hourly Oscillators are Turning Bullish and the price is Above the MA, so the Bears have to be CAUTIOUS. Hourly Trend is Sideways Up while 13320 holds and Daily Trend is Sideways while 13785 holds, so expect the price  to make Higher Highs.  The  Price  has closed  exactly at the Sup U Turn  Zone 5  but the  bears were holding their gains towards the close . EUR  is Strong  and JPY is  Flat with a mixed bias , so  EUR  should drag the  EURJPY higher .  The  Hourly  trend is  creeping higher expect the price to test the prior swing high of 13520-75 before any significant move down, the price should not trade below 13385-20  to maintain the bullish outlook . On the 5 min is along the gradual  Up  Channel  and patterns are  suggesting higher at least to 13495-13525.

BULLS:   13350   13175          BEARS:   13530   13595   13695 

Conservative Traders:  LONG near   13385   13355   with a tight stop with a 50 pips price target.       

Aggressive Traders :  LONG near   13385   13355   with a tight stop with a 50 pips price target.       

GBPJPY

GBPJPY closed @ 14935 which was BELOW the open and was within prior day's trading range. The High was PRECISELY at Precise Trader's Res Zone 1 and the Low was PRECISELY at Precise Trader's Sup Tgt 3.   The Hourly Oscillators are Turning Bullish and the price is Above the MA, so the Bears have to be CAUTIOUS. Hourly Trend is Sideways Up while 14900 holds and Daily Trend is Sideways Down while 15415 holds, so expect the price  to make Higher Highs.  The  Price  has closed  well below the Sup  Zone 1 and the bears gave some of the gains  towards  the  close. GBP is very Strong  and JPY is mixed bias , so GBP  should  drag  GBPJPY  higher .The  Hourly  trend is marching higher expect the price to test the prior swing high of 15130-75  ,  the price should not trade below 15015-14900  to maintain the bullish outlook . On the 5 min is along the Up Channel  and  patterns  are suggesting higher towards the 15195-15275 mark.

BULLS:   14965   14885          BEARS:   15165   15275    

Conservative Traders:  LONG near   14965   14900   with a tight stop with a 50 pips price target.       

Aggressive Traders :  LONG near   14965   14900   with a tight stop and   15165-95   price targets. 

AUDJPY

AUDJPY closed @ 8260 which was UNCHANGED from the open and was within prior day's trading range.  The High was 5 pips from Precise Trader's Res Tgt 1 and the Low was PRECISELY at Precise Trader's Sup Tgt 1.   The Hourly Oscillators are Bullish and the price is Above the MA, so the Bears have to be sidelined. Hourly Trend is Sideways Up while 8190 holds and Daily Trend is Sideways Down while 8560 holds, so expect the price  to make Higher Highs.  The Price has  closed within  Zone 1 ,the  bulls and bears were Flat  towards the close . AUD  is strong and JPY  is in a mixed bias   , so AUD  should  drag AUDJPY  higher  .The  Hourly  trend is creeping higher and expect the price to test the prior swing high of 8405 ,  the price should not trade below 8285-35  to maintain the bullish outlook . On the 5 min is along the Up Channel  and  patterns  are suggesting higher to test 8405-65 before any significant move down.

BULLS:   8260   8145          BEARS:   8375   8465    

Conservative Traders:  LONG near   8260   8235   with a tight stop with a 50 pips price target.       

Aggressive Traders :  LONG near   8285   8235   with a tight stop and   8375-8405   price targets.