EURJPY

EURJPY closed @ 10805 which was UNCHANGED from 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 10 pips from Precise Trader's Sup Tgt 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 10675 holds and Daily Trend is also Sideways while 11120 holds, so expect the Price to be Choppy until Breakout.  The  Daily Trend  is still Bearish but in a Range Trading and the Price Closed Unchanged which signifies  Choppy session . The MA is suggesting  a Range Trading and the Oscillators are suggesting no Clear Signals. The Hourly Trend has been in a Range Trading with no Clear Direction and the Patterns are suggesting that we may see an Upside Break ,10755-10675 are the Critical  levels to watch to maintain the Bullish Outlook. The EUR is Flat with an Upside Bias and JPY is Flat with a Mixed Bias, so the EURJPY may break Higher but may be limited provided EUR breaks , so Cautious approach is needed.


BULLS:   10685   10605   10525       BEARS:   10865   10955   11025


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

             

GBPJPY

GBPJPY closed @ 12980 which was BELOW the open and was within prior day's trading range. The High was 15 pips from 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 MIXED and the Price is Within the MA, so CAUTIOUS  approach is needed. Hourly Trend is Sideways while 13085 holds and Daily Trend is also Sideways while 13525 holds, so expect the Price to be Choppy until Breakout.  The Daily Trend  is still Bearish but in a Range Trading and the Bears gave up mildly towards the Close which signifies  Choppy session with mild Strength . The MA is suggesting  a Range Trading and the Oscillators are suggesting no Clear Signals. The Hourly Trend has been in a Range Trading with no Clear Direction and the Patterns are suggesting a Choppy session until the break ,13035-85 are the Critical  levels to watch to maintain the Bearish Outlook. The GBP is Flat with a Mixed Bias and JPY is Flat with a Mixed Bias, so the GBPJPY may  try to break Higher but may be limited provided GBP breaks , so Cautious approach is needed.


BULLS:   12940   12835   12735       BEARS:   13035   13120   13260


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

              

AUDJPY

AUDJPY closed @ 7675 which was BELOW the open and was within prior day's trading range.  The High was 15 pips from Precise Trader's Res Zone 1 and the Low was PRECISELY at Precise Trader's Sup Tgt 2.   The Hourly Oscillators are MIXED and the Price is Above the MA, so CAUTIOUS  approach is needed. Hourly Trend is Sideways while 7565 holds and Daily Trend is also Sideways while 7865 holds, so expect the Price to be Choppy until Breakout.  The Daily Trend  is still Bearish but in a Range Trading  but the Bears gave up mildly towards the Close which signifies  Choppy session . The MA is suggesting  a Range Trading with an Upside Bias and the Oscillators are suggesting no Clear Signals. The Hourly Trend has been in a Range Trading with no Clear Direction and the Patterns are suggesting that the pullback should be limited to 7575-7490 levels ,7635-7565 are the Critical  levels to watch to maintain the Bullish Outlook. The AUD is Flat with an Upside Bias and JPY is Flat with a Mixed Bias, so the AUDJPY may break Higher but may be limited provided AUD breaks , so Cautious approach is needed.


BULLS:   7615   7575   7490       BEARS:   7700   7765   7825


Today's Strategies:  LONG near   7615   7575   with a tight stop with a 50 pips price target.      

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