EURJPY

EURJPY closed @ 12210 which was UNCHANGED from the open and was within prior day's trading range. The High was PRECISELY at Precise Trader's Res Tgt 1 and the Low was 5 pips from Precise Trader's Sup Zone 5 (U Turn Zone).   The Hourly Oscillators are Bearish but Weak and the price is Below the MA, so CAUTIOUS  approach is needed for the Bears. Hourly Trend is Corrective Down while 12330 holds and Daily Trend is also Corrective Down while 12580 holds, so expect the price to be Choppy and Downside may be limited.  The Daily Trend  breached the prior day's low but  the Bulls  gained  towards the close .The  Hourly Trend  has been in a Range Trading  with no clear signal ,12265-12330  are the critical  levels to watch to maintain the bearish outlook . On the 5 min is along the Horizontal  Channel and  the  patterns are suggesting a Choppy session until the break . The Opening price principle  are mixed so Cautious approach is needed. EUR  is marginally Weak  with a mixed bias  and JPY  Flat with a mixed bias , so  both the Cross might  lead  the  EURJPY nowhere until one of the cross breaks out of the range.

BULLS:   12085   11980   11900       BEARS:   12260   12345   

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

Aggressive Traders :  Trade @ the Bulls & Bears Levels Only               


GBPJPY

GBPJPY closed @ 13960 which was BELOW the open and was within prior day's trading range. The High was PRECISELY at Precise Trader's Res Tgt 1 and the Low was 5 pips from 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 Corrective Down while 14080 holds and Daily Trend is also Corrective Down while 14350 holds, so expect the price  to be Choppy until the breakout happens.  The Daily Trend  breached the prior day's low but  the Bulls  gained  towards the close .The  Hourly Trend  has been in a Range Trading  with no clear signal ,14015-14080  are the critical  levels to watch to maintain the bearish outlook . On the 5 min is along the Horizontal  Channel and  the  patterns are suggesting a Choppy session until the break . The Opening price principle  are mixed so Cautious approach is needed. GBP  is marginally Weak  with a mixed bias  and JPY  Flat with a mixed bias , so  both the Cross might  lead  the  GBPJPY nowhere until one of the cross breaks out of the range.

BULLS:   13845   13735          BEARS:   14015   14065   14105

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

Aggressive Traders :  Trade @ the Bulls & Bears Levels Only               


AUDJPY

AUDJPY closed @ 7750 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 Tgt 2.   The Hourly Oscillators are MIXED and the price is Below the MA, so CAUTIOUS  approach is needed. Hourly Trend is Corrective Down while 7820 holds and Daily Trend is also Corrective Down while 8075 holds, so expect the price  to be Choppy until the breakout happens.  The Daily Trend  tested the prior day's low fro the second time and the Bulls  gained  towards the close .The  Hourly Trend  has been in a Range Trading  with no clear signal , 7805-20  are the critical  levels to watch to maintain the bearish outlook . On the 5 min is along the Horizontal  Channel and  the  patterns are suggesting a Choppy session until the break . The Opening price principle  are mixed so Cautious approach is needed. AUD  is marginally Weak  with a mixed bias  and JPY  Flat with a mixed bias , so  both the Cross might  lead  the  AUDJPY nowhere until one of the cross breaks out of the range.

BULLS:   7670   7640   7600       BEARS:   7785   7875   

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

Aggressive Traders :  Trade @ the Bulls & Bears Levels Only