EURJPY

EURJPY closed @ 13335 which was BELOW the open and was within prior day's trading range. The High was 10 pips from Precise Trader's Res Tgt 1 and the Low was PRECISELY at Precise Trader's Sup Tgt 1.   The Hourly Oscillators are Bearish and the price is Below the MA, so the Bulls have to be sidelined. Hourly Trend is Sideways while 13430 holds and Daily Trend is also Sideways while 13785 holds, so expect the price  to be Choppy with a Downside bias.   The  Price  has closed exactly at the Sup  Zone 1  and the  bears were holding their gains  towards the close . EUR  is  Flat with a mixed bias and JPY is  also  Flat with a mixed bias , so both the cross should  lead  the  EURJPY  nowhere until one of the cross breakout .  The  Hourly  trend is  in a Range trading expect a choppy session  with a downside bias, the price should not trade above 13400-30  to maintain the bearish outlook . On the 5 min is choppy and along the Down  Channel  and patterns are  suggesting lower but 13285 is the immediate barrier for the bears.

BULLS:   13280   13215          BEARS:   13410   13460   

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

Aggressive Traders :  SHORT near   13410   13460   with a tight stop with a 50 pips price target.      


GBPJPY

GBPJPY closed @ 14980 which was ABOVE the open and was within prior day's trading range. The High was 15 pips from Precise Trader's Res Tgt 1 and the Low was 5 pips from Precise Trader's Sup Zone 1.   The Hourly Oscillators are MIXED and the price is Within the MA, so CAUTIOUS  approach is needed. Hourly Trend is Sideways while 15130 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 within  Zone 1 , the bulls and  bears were Flat 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 above 15095-15130  to maintain the bearish outlook . On the 5 min is along the Horizontal  Channel and patterns are suggesting no clear direction until the breakout.

BULLS:   14940   14820          BEARS:   15060   15120   15175

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 @ 8345 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 1.   The Hourly Oscillators are Bearish and the price is Below the MA, so the Bulls have to be sidelined. Hourly Trend is Sideways while 8425 holds and Daily Trend is also Sideways while 8560 holds, so expect the price  to be Choppy with a Downside bias.   The Price has  closed  within  Zone 1 and the  bears gaining mildly  towards the close . AUD  is  Flat with a mixed  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 above 8390-8425  to maintain the bearish outlook . On the 5 min is along the gradual Down Channel  and  patterns  are suggesting no clear direction until there is a break.

BULLS:   8275   8235          BEARS:   8375   8445   

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.