EURJPY

EURJPY closed @ 13365 which was ABOVE the open and was within prior day's trading range. The High was 10 pips from Precise Trader's Res Zone 5 (U Turn Zone) and the Low was 20 pips from Precise Trader's Sup Tgt 1.   The Hourly Oscillators are Turning Bearish and the price is Below the MA, so the Bulls have to be CAUTIOUS. Hourly Trend is Sideways Down while 13405 holds and Daily Trend is Sideways while 13585 holds, so expect the price  to be Choppy with a Downside bias.   The  Price  has closed above the Res  Zone 1  and the  bulls were strong but gave up mildly towards the close . EUR  is Weak and JPY is  Flat with a mixed bias , so both the cross should  lead  the  EURJPY  lower but 13240-13185 are the immediate barriers for the bears .  The  Hourly  trend is creeping lower but expect the downside to be limited, the price should not trade above 13370-13405  to maintain the bearish outlook . On the 5 min is long the Up Channel  and patterns are  suggesting that the price should breach 13260-40 for further weakness.

BULLS:   13230   13175          BEARS:   13360   13425   

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

Aggressive Traders :  LONG near   13245   cautiously   with a tight stop with a 50 pips price target.      

GBPJPY

GBPJPY closed @ 14965 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 5 pips from 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 Down while 15045 holds and Daily Trend is Sideways while 15405 holds, so expect the price  to be Choppy with a Downside bias.   The  Price  has closed below the Sup Zone 1 , the bears were gained mildly towards  the  close. GBP is Weak and JPY is Flat  with a mixed bias , so both the crosses should lead   GBPJPY  lower but 14825 is the immediate barrier for the bears .The  Hourly  Trend is creeping lower but expect the downside to be limited ,  the price should not trade above 14975-15045  to maintain the bearish outlook . On the 5 min is along the gradual Down  Channel and patterns are suggesting lower but 14825 is the level to watch.

BULLS:   14825   14730          BEARS:   14955   15025   

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

Aggressive Traders :  LONG near   14825   cautiously   with a tight stop with a 50 pips price target.      

AUDJPY

AUDJPY closed @ 8305 which was UNCHANGED from 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 15 pips from 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 Down while 8335 holds and Daily Trend is Sideways while 8560 holds, so expect the price  to be Choppy with a Downside bias.   The Price has  closed within  Zone 1 , the bulls and  bears were Flat  towards the close . AUD  is Weak and JPY  is  Flat with a mixed bias   , so both the crosses should lead  AUDJPY lower but the downside may be limited  .The  Hourly  Trend is creeping lower but expect the 8215-8175 as the immediate barriers for the bears,  the price should not trade above 8310-35  to maintain the bearish outlook . On the 5 min is along the gradual Down Channel  and  patterns  are suggesting lower but 8195 is the level to watch .

BULLS:   8195   8145          BEARS:   8280   8305   

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

Aggressive Traders :  LONG near   8195   cautiously   with a tight stop with a 50 pips price target.