EURUSD

EURUSD closed @ 14720 which was BELOW 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 PRECISELY at Precise Trader's Res Tgt 2.   The Hourly Oscillators are Bearish and the price is Below the MA, so the Bulls have to be sidelined. Hourly Trend is Sideways Down while 14870 holds and Daily Trend is also Sideways Down while 15065 holds, so expect the price to be Choppy with a Downside bias.  The Price closed below the Sup Zone 1 which signifies weakness at least before US session .The Hourly trend is creeping higher , the upside should be limited but 14685 should give way to see further weakness , 14790-14870 are the critical levels to watch to maintain the bearish outlook . On the 5 min is Choppy and the price patterns suggesting that 14790- 14810 should be capped for this pull back. Coming to First trading day of the Month and Week Cautious approach is needed.  Conservative Traders:  SIDELINED or strictly trade only at Precise Trader's Report Levels.   Aggressive Traders :  SHORT near 14810 14865 with a tight stop with a 50 pips price target.

GBPUSD

GBPUSD closed @ 16455 which was BELOW 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 5 pips from Precise Trader's Hrly Level.   The Hourly Oscillators are Bearish and the price is Within the MA, so the Bulls have to be sidelined. Hourly Trend is Sideways Down while 16585 holds and Daily Trend is Sideways while 16145 holds, so expect the price to be Choppy and Upside may be limited.  The Price closed below the Sup Zone 1 and the bears were holding their gains till the close. The Hourly looks mixed and but 16565 and 16325 are the two critical levels to watch for any significant change , 16515-85 are the critical levels to watch to maintain the bearish outlook. On the 5 min is Choppy but along the gradual Down Channel and the price patterns are mixed. Coming to First trading day of the Month and Week Cautious approach is needed.  Conservative Traders:  SIDELINED or strictly trade only at Precise Trader's Report Levels.   Aggressive Traders :  SIDELINED or strictly trade only at Precise Trader's Report Levels.

USDJPY

USDJPY closed @ 9010 which was BELOW the open and breached the previous day's low. The High was 5 pips from Precise Trader's Res Zone 1 and the Low was PRECISELY at Precise Trader's Sup Tgt 2.   The Hourly Oscillators are Bearish and the price is Below the MA, so the Bulls have to be sidelined. Hourly Trend is Sideways Down while 9110 holds and Daily Trend is Sideways Up while 8890 holds, so expect the price to be Choppy with a Downside bias.  The Price closed below the Sup U Turn Zone 5 and the bears holding their gains towards the close . The Hourly has tested the low of 8915 during Asian session and pulled back , the price should not trade above 9055-9110 to maintain the bearish outlook. On the 5 min is Choppy and the price patterns are mixed. Coming to First trading day of the Month and Week Cautious approach is needed.  Conservative Traders:  SIDELINED or strictly trade only at Precise Trader's Report Levels.   Aggressive Traders :  SIDELINED or strictly trade only at Precise Trader's Report Levels.