EURUSD

EURUSD closed @ 14775 which was ABOVE the open and was within prior day's trading range. The High was 15 pips from Precise Trader's Hrly Level and the Low was PRECISELY at Precise Trader's Sup Zone 1.   The Hourly Oscillators are Bullish and the price is Within the MA, so the Bears have to be sidelined. Hourly Trend is Sideways while 14925 holds and Daily Trend is also Sideways while 15065 holds, so expect the price  to be Choppy with a Upside bias.   The Price  closed  above the Res  Zone 1 but within U turn Zone .The  Hourly trend is within Range trading with an Upside bias , the upside should be limited to 14915-85 , 14830-14925  are  the critical levels to watch to maintain  the bearish outlook but 14685 should give way for further weakness . On the 5 min is Choppy  , along the gradual Up Channel and  the price patterns suggesting  that 14830-14915 should be capped for this pull back. Expect the price to make lower lows but price should not trade above 14890 and 14720-14685 should give way . 

BULLS:   14745   14630          BEARS:   14885   14985     

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

Aggressive Traders :  SHORT near   14830   14885   with a tight stop with a 50 pips price target. 

GBPUSD

GBPUSD closed @ 16410 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 Sup Tgt 2.   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 16510 holds and Daily Trend is Sideways while 16695 holds, so expect the price  to be Choppy with a Downside bias.   The  Price  closed  below the Sup  Zone 1 with the high within Res Zone 1. The Hourly is in a  Range trading with a Downside bias but 16325-10 should give way for further weakness , 16445-16510 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 .  Expect the price to make lower lows but price should not trade above 16490 and 16325 should give way .  

BULLS:   16250   16160   16115       BEARS:   16425   16490       

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

Aggressive Traders :  SHORT near   16425   16490   with a tight stop with a 50 pips price target. 

USDJPY

USDJPY closed @ 9025 which was ABOVE the open and was within prior day's trading range.  The High was 10 pips from Precise Trader's Res Tgt 1 and the Low was PRECISELY at Precise Trader's Sup Tgt 1.   The Hourly Oscillators are MIXED and the price is Within the MA, so CAUTIOUS  approach is needed. Hourly Trend is Sideways Down while 9125 holds and Daily Trend is Sideways Up while 8890 holds, so expect the price  to be Choppy until the breakout happens.  The  Price closed  within  Zone 1 , the bulls and  bears were Flat at the close . The Hourly  is in a Range trading  with no clear direction, the price should not trade above 9070-9125   to maintain the bearish outlook. On the 5 min is Choppy  and the price patterns are mixed.  We have no suggestions until the break. 

BULLS:   8980   8880          BEARS:   9080   9145   9180   

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.