EURJPY

EURJPY closed @ 13315 which was ABOVE the open and breached the previous day's high. The High was 5 pips from Precise Trader's Res Zone 5 (U Turn Zone) and the Low was PRECISELY at Precise Trader's Sup Zone 1.   The Hourly Oscillators are Turning Bearish and the price is Within the MA, so the Bulls have to be CAUTIOUS. Hourly Trend is Sideways while 13370 holds and Daily Trend is also Sideways while 13600 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 Flat with a mixed bias and JPY is also  Flat with a mixed bias , so both the crosses should  lead  the  EURJPY  nowhere  until  one of  the crosses breakout of the range .  The  Hourly  Trend is  in a Range Trading  but expect  a choppy session , the price should not trade above 13350-70 to maintain the bearish outlook . On the 5 min is choppy and along the Down  Channel  and patterns are  suggesting no clear direction in the near future.

BULLS:   13205   13110          BEARS:   13340   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 @ 14775 which was ABOVE the open and was within prior day's trading range. The High was PRECISELY at Precise Trader's Res Zone 5 (U Turn Zone) and the Low was PRECISELY at Precise Trader's Sup Zone 1.   The Hourly Oscillators are MIXED and the price is Below the MA, so CAUTIOUS  approach is needed. Hourly Trend is Sideways while 14830 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  well above the Res  Zone 1 and the  bulls  were strong and were 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 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 14830  to maintain the bearish outlook . On the 5 min is  choppy and along the gradual Down Channel  and patterns are  suggesting no clear direction in the near future.

BULLS:   14695   14625          BEARS:   14770   14840   

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

Aggressive Traders :  Trade @ the Bulls & Bears Levels Only               


AUDJPY

AUDJPY closed @ 8220 which was ABOVE the open and breached the previous day's high.  The High was PRECISELY at Precise Trader's Hrly Level and the Low was PRECISELY at Precise Trader's Sup Zone 1.   The Hourly Oscillators are Turning Bearish and the price is Within the MA, so the Bulls have to be CAUTIOUS. Hourly Trend is Sideways while 8265 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 above the Res  Zone 1 and the  bulls  were strong but gave up mildly towards the close . AUD  is Flat with a mixed bias and JPY is  Flat with a mixed bias ,so  both the cross should  lead  the  AUDJPY  nowhere until one of the crosses breakout of the range .  The  Hourly  Trend is in a Range Trading  and expect a choppy session, the price should not trade above 8240-65  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   8065          BEARS:   8230   8285   8330

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

Aggressive Traders :  Trade @ the Bulls & Bears Levels Only