EURJPY

EURJPY closed @ 10815 which was ABOVE the open and breached the previous day's high. The High was 15 pips from Precise Trader's Res Tgt 2 and the Low was 5 pips from Precise Trader's Sup Zone 1.   The Hourly Oscillators are Bullish but Weak and the Price is Within the MA, so CAUTIOUS  approach is needed for the Bulls. Hourly Trend is Sideways while 10645 holds and Daily Trend is also Sideways while 11120 holds, so expect the Price to be Choppy until Breakout.  The Daily Trend breached the Prior  Day's High but the Bulls gave up mildly towards the Close which signifies some Weakness in the First half of the Day . The  Hourly Trend  has been Creeping Lower and may be Limited,10705-10645 are the Critical  levels to watch to maintain the Bullish Outlook . On the 5 min is along the Horizontal Channel  and the Patterns are suggesting a Choppy Session with a Potential to Break Higher. The Opening Price Principles suggests that  EUR is  Flat with an Upside Bias  and JPY is Flat with an Upside Bias , so  both the Cross may  drag the  EURJPY Higher  provided one of  the Cross moves out of Res  Zone 1 levels, but Cautious approach is needed.


BULLS:   10740   10645   10550       BEARS:   10835   10925   11025


Today's Strategies:  Trade @ the Bulls & Bears Levels Only. 

              

GBPJPY

GBPJPY closed @ 13050 which was ABOVE the open and was within prior day's trading range. The High was 15 pips from Precise Trader's Res Tgt 2 and the Low was PRECISELY at Precise Trader's Sup Zone 1.   The Hourly Oscillators are MIXED and the Price is Within the MA, so CAUTIOUS  approach is needed. Hourly Trend is Sideways while 12885 holds and Daily Trend is also Sideways while 13475 holds, so expect the Price to be Choppy until Breakout.  The Daily Trend was within the Prior  Day's Range but the Bulls gave up mildly towards the Close which signifies some Weakness in the First half of the Day . The  Hourly Trend  has been Creeping Lower and may be Limited,12955-12885 are the Critical  levels to watch to maintain the Bullish Outlook . On the 5 min is along the Horizontal Channel  and the Patterns are suggesting a Choppy Session with a Potential to Break Higher. The Opening Price Principles suggests that GBP is  Flat with an Upside Bias  and JPY is Flat with an Upside Bias , so  both the Cross may  drag the  GBPJPY Higher  provided one of  the Cross moves out of Res  Zone 1 levels, but Cautious approach is needed.


BULLS:   12955   12900   12840       BEARS:   13040   13115   13175


Today's Strategies:  Trade @ the Bulls & Bears Levels Only.   

            

AUDJPY

AUDJPY closed @ 7700 which was ABOVE the open and breached the previous day's high.  The High was 10 pips from Precise Trader's Res Tgt 3 and the Low was 5 pips from Precise Trader's Sup Zone 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 7585 holds and Daily Trend is also Sideways while 7815 holds, so expect the Price to be Choppy until Breakout.  The Daily Trend was within the Prior few  Day's Range but the Bulls were holding till the Close which signifies a Choppy Session a Head . The  Hourly Trend  has been Creeping Lower and may be Limited, 7605-7585 are the Critical  levels to watch to maintain the Bullish Outlook . On the 5 min is along the Horizontal Channel  and the Patterns are suggesting a Choppy Session with a Potential to Break Higher. The Opening Price Principles suggests that AUD  is  Weak but may be Limited  and JPY is Flat with an Upside Bias , so  both the Cross may  drag the  AUDJPY Higher  provided AUD Reverses, but Cautious approach is needed.


BULLS:   7560   7520   7465       BEARS:   7705   7805   7880


Today's Strategies:  Trade @ the Bulls & Bears Levels Only.               

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