EURJPY

EURJPY closed @ 13420 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 Zone 5 (U Turn Zone).   The Hourly Oscillators are MIXED and the price is Within the MA, so CAUTIOUS  approach is needed. Hourly Trend is Sideways while 13280 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  below the Sup  Zone 1  and the  bears were gave up mildly  towards the close . EUR  is strong and JPY is  also  Flat with a mixed bias , so EUR  should  lead  the  EURJPY  higher slowly .  The  Hourly  trend is  in a Range trading expect a choppy session until  JPY gives a clear signal, the price should not trade below 13310-13280  to maintain the bullish outlook . On the 5 min is choppy and along the Up  Channel  and patterns are  suggesting no clear direction until the breakout happens.

BULLS:   13380   13310          BEARS:   13460   13530    

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 @ 14960 which was BELOW the open and was within prior day's trading range. The High was PRECISELY at Precise Trader's Res Tgt 1 and the Low was 20 pips from Precise Trader's Sup Tgt 2.   The Hourly Oscillators are MIXED and the price is Within the MA, so CAUTIOUS  approach is needed. Hourly Trend is Sideways while 14835 holds and Daily Trend is also Sideways while 15405 holds, so expect the price  to be Choppy until the breakout happens.  The  Price  has closed at  the Sup  Zone 1 and the bears were mildly strong  towards  the  close. GBP is Flat with a strong   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 below 14915-14835   to maintain the bullish outlook . On the 5 min is along the Horizontal  Channel and patterns are suggesting no clear direction until the breakout. Fed Chairman Bernanke speaks today.

BULLS:   14925   14865          BEARS:   15025   15110    

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 @ 8365 which was ABOVE the open and was within prior day's trading range.  The High was PRECISELY at Precise Trader's Res 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 8260 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  at the Res  Zone 1 and the  bulls gaining mildly  towards the close . AUD  is  Flat with a strong  bias  and JPY  is also Flat with a mixed bias   , so both the crosses should lead  AUDJPY  nowhere until there is a break  .The  Hourly  trend is in a Range trading and expect a choppy session until there is a breakout ,  the price should not trade below 8320-8260  to maintain the bullish outlook . On the 5 min is along the gradual Up  Channel  and  patterns  are suggesting no clear direction until there is a break. Fed Chairman Bernanke speaks today.

BULLS:   8315   8235          BEARS:   8410   8465    

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.