EURJPY

EURJPY closed @ 13210 which was BELOW the open and was within prior day's trading range. The High was 10 pips from Precise Trader's Res Zone 1 and the Low was PRECISELY at Precise Trader's Sup Tgt 2.   The Hourly Oscillators are Bullish and the price is Within the MA, so the Bears have to be sidelined. Hourly Trend is Sideways Up while 13175 holds and Daily Trend is Sideways while 13600 holds, so expect the price  to be Choppy with a Upside bias.   The  Price  has closed below the Sup  Zone 1  and the  bears  were strong but 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 expect a choppy session until both the crosses breakout of the range .  The  Hourly  Trend is  creeping higher  but expect the upside to be limited, the price should not trade below 13175-13125   to maintain the bullish outlook . On the 5 min is long the Horizontal  Channel  and patterns are  suggesting no clear direction in the near future.

BULLS:   13250   13175          BEARS:   13325   13395   

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

Aggressive Traders :  Trade @ the Bulls & Bears Levels Only               


GBPJPY

GBPJPY closed @ 14670 which was BELOW the open and breached the previous day's low. The High was 10 pips from Precise Trader's Res Zone 1 and the Low was PRECISELY at Precise Trader's Sup Tgt 3.   The Hourly Oscillators are MIXED and the price is Below the MA, so CAUTIOUS  approach is needed. Hourly Trend is Sideways while 14775 holds and Daily Trend is also Sideways while 15175 holds, so expect the price  to be Choppy until the breakout happens.  The  Price  has closed below the Sup U Turn  Zone 5 and the  bears  were very strong and were holding their towards the close . GBP  is Flat with a mixed bias and JPY is also  Flat with a mixed bias , so both the cross should  lead  the  GBPJPY  nowhere until the breakout happens on one of the cross .  The  Hourly  Trend is  in a Range Trading and expect a choppy session until the breakout, the price should not trade above 14775-14865  to maintain the bearish outlook . On the 5 min is long the Horizontal Channel  and patterns are  suggesting no clear direction in the near future.

BULLS:   14625   14550          BEARS:   14770   14865   

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

Aggressive Traders :  Trade @ the Bulls & Bears Levels Only               


AUDJPY

AUDJPY closed @ 8130 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 Turning Bullish and the price is Below the MA, so the Bears have to be CAUTIOUS. Hourly Trend is Sideways while 8245 holds and Daily Trend is also Sideways while 8425 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 strong but gave up mildly towards the close . AUD  is Strong and JPY is  Flat with a mixed bias ,so AUD should  lead  the  AUDJPY  higher expect a choppy session until both the crosses breakout of the range .  The  Hourly  Trend is  creeping higher  but expect the upside to be limited, the price should not trade above 8245-85 to  maintain the bearish outlook . On the 5 min is long the Up  Channel  and patterns are  suggesting no clear direction in the near future.

BULLS:   8110   8035          BEARS:   8265   8315   

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

Aggressive Traders :  Trade @ the Bulls & Bears Levels Only