EURJPY

EURJPY closed @ 13355 which was ABOVE the open and breached the previous day's high. 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 Turning Bearish and the price is Above the MA, so the Bulls have to be CAUTIOUS. Hourly Trend is Turning Down while 13420 holds and Daily Trend is Sideways Up while 13035 holds, so expect the price  to be Choppy with a Downside bias.   The Daily Trend  has been in Sideways for the last few days and a Range Trading is expected. The  Hourly Trend  has been in a Range Trading but showing signs of turning down ,13420-13500 are the critical  levels to watch to maintain  the bearish outlook . On the 5 min is along the  gradual Down Channel and  the  patterns are suggesting that it may have topped. The Opening price principle suggests no clear direction but the bears are gaining strength. EUR  is  Flat with a  mixed  bias and JPY is  also Flat but displaying signs of strength , so JPY lead  the  EURJPY lower slowly. Non -Farm Payroll is out today.

BULLS:   13270   13225   13165       BEARS:   13420   13485   

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

Aggressive Traders :  Trade @ the Bulls & Bears Levels Only               


GBPJPY

GBPJPY closed @ 14875 which was ABOVE the open and breached the previous day's high. The High was 30 pips from Precise Trader's Hrly Level and the Low was PRECISELY at Precise Trader's Sup Tgt 1.   The Hourly Oscillators are Bullish but Weak and the price is Above the MA, so CAUTIOUS  approach is needed for the Bulls. Hourly Trend is Sideways while 14940 holds and Daily Trend is Sideways Up while 14430 holds, so expect the price to be Choppy and Upside may be limited.  The Daily Trend  has been in Sideways for the last few days and expect a Range Trading until the breakout. The  Hourly Trend  has been in a Range Trading and expect a choppy session until the breakout ,14940- 80 are the critical  levels to watch to maintain  the bearish outlook . On the 5 min is along the  gradual Up Channel and  the  patterns are suggesting mixed signals. The Opening price principle suggests no clear direction. GBP  is  Flat with a  mixed  bias and JPY is  also Flat but displaying signs of strength , so JPY lead  the GBPJPY lower slowly. Non -Farm Payroll is out today.

BULLS:   14755   14695   14645       BEARS:   14940   14975   15025

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

Aggressive Traders :  Trade @ the Bulls & Bears Levels Only               


AUDJPY

AUDJPY closed @ 8565 which was ABOVE the open and breached the previous day's high.  The High was 10 pips from Precise Trader's Res Tgt 1 and the Low was PRECISELY at Precise Trader's Sup Zone 1.   The Hourly Oscillators are Turning Bearish and the price is Above the MA, so the Bulls have to be CAUTIOUS. Hourly Trend is Turning Down while 8610 holds and Daily Trend is Sideways Up while 8240 holds, so expect the price  to be Choppy with a Downside bias.   The Daily Trend  has been marching higher and it is due for a turn down. The  Hourly Trend has been in a Range Trading but showing signs of turning down ,9610-60  are the critical  levels to watch to maintain  the bearish outlook . On the 5 min is along the gradual Down Channel and  the  patterns are suggesting that it may have topped. The Opening price principle suggests no clear direction but the bears are gaining strength. AUD  is  Flat with a  mixed  bias and JPY is  also Flat but displaying signs of strength , so JPY lead  the  AUDJPY lower slowly. Non -Farm Payroll is out today.

BULLS:   8470   8380   8330       BEARS:   8615   8660   8680

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

Aggressive Traders :  Trade @ the Bulls & Bears Levels Only