EURJPY

EURJPY closed @ 13465 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 5 pips from Precise Trader's Sup Tgt 1.   The Hourly Oscillators are MIXED and the price is Within the MA, so CAUTIOUS  approach is needed. Hourly Trend is Sideways while 13580 holds and Daily Trend is also Sideways while 13785 holds, so expect the price  to be Choppy until the breakout happens.  The  Price  has closed  within  Zone 1  and the bulls and bears  were Flat towards the close . EUR  is  Flat  with a mixed bias  and JPY is  also  Flat with a mixed bias , so   both  the crosses should  lead  the  EURJPY  nowhere until there is a break .  The  Hourly  trend is  in a Range trading expect a choppy session until there is a breakout, the price should not trade above 13575-13615  to maintain the bearish outlook . On the 5 min is choppy and along the Down  Channel  and patterns are  suggesting no clear direction until the breakout happens.

BULLS:   13410   13325          BEARS:   13505   13540   13580 

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

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

GBPJPY

GBPJPY closed @ 14895 which was BELOW the open and breached the previous day's low. The High was 10 pips from Precise Trader's Res Tgt 1 and the Low was PRECISELY at Precise Trader's Sup Tgt 2.   The Hourly Oscillators are Bearish but Weak and the price is Within the MA, so CAUTIOUS  approach is needed for the Bears. Hourly Trend is Sideways while 15080 holds and Daily Trend is also Sideways while 15415 holds, so expect the price  to be Choppy until the breakout happens.  The  Price  has closed exactly at the Sup U Turn  Zone 5 and the bears holding their gains  towards  the  close. GBP is Flat with a mixed  bias  and JPY is  also Flat  with a mixed bias , so both the crosses should lead   GBPJPY  nowhere until there is a break .The  Hourly  trend is in a Range trading expect a choppy session until the breakout  ,  the price should not trade above 14955-15080  to maintain the bearish outlook . On the 5 min is along the gradual Down  Channel and patterns are suggesting no clear direction until the breakout.

BULLS:   14825   14755   14700       BEARS:   14960   15050   15125 

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

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

AUDJPY

AUDJPY closed @ 8355 which was UNCHANGED from the open and was within prior day's trading range.  The High was PRECISELY at Precise Trader's Sup Tgt 1 and the Low was PRECISELY at Precise Trader's Sup Tgt 1.   The Hourly Oscillators are MIXED and the price is Within the MA, so CAUTIOUS  approach is needed. Hourly Trend is Sideways while 8445 holds and Daily Trend is also Sideways while 8560 holds, so expect the price  to be Choppy until the breakout happens.  The Price has  closed  within   Zone 1 and the  bulls and bears were Flat  towards the close . AUD  is  mildly strong and JPY  is also Flat with a mixed bias   , so AUD should drag  AUDJPY  higher but the upside maybe limited  .The  Hourly  trend is in a Range trading and expect a choppy session until there is a breakout ,  the price should not trade above 8425-70  to maintain the bearish outlook . On the 5 min is along the Up Channel  and  patterns  are suggesting no clear direction until there is a break.

BULLS:   8355   8280          BEARS:   8430   8505    

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

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