EURUSD

EURUSD closed @ 14725 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 Zone 5 (U Turn Zone).   The Hourly Oscillators are Bearish but Weak and the price is Within the MA, so CAUTIOUS  approach is needed for the Bears. Hourly Trend is Sideways while 14860 holds and Daily Trend is also Sideways while 15065 holds, so expect the price  to be Choppy with a Downside bias.   The Price  closed  below the Sup  Zone 1 but had mild  closing strength .The  Hourly trend is within Range trading with a downside limited  to 14625-14580, 14810-60  are  the critical  levels to watch to maintain  the bearish outlook . On the 5 min is Choppy  , along the gradual Horizontal  Channel and  the price patterns are mixed . We have no view until the breakout happens. FOMC rate announcement today.

BULLS:   14660   14615          BEARS:   14785   14845    

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.          

GBPUSD

GBPUSD closed @ 16440 which was ABOVE the open and was within prior day's trading range. The High was 10 pips from Precise Trader's Res Zone 1 and the Low was 5 pips from 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 16305 holds and Daily Trend is also Sideways while 16695 holds, so expect the price  to be Choppy with a Upside bias.   The  Price  closed  exactly at the Res  Zone 1  which signifies  closing strength. The Hourly is in a  Range trading with an Upside bias but 16445-90  should give way for further strength , 16375-05 are  the critical levels to watch to maintain the bullish outlook. On the 5 min is Choppy  and the price patterns are mixed and looks like it has reversed Up . We have no view until the breakout happens. FOMC rate announcement today.

BULLS:   16325   16260   16220       BEARS:   16445   16535    

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

Aggressive Traders :  LONG @ the Break      16445   with a tight stop with a 50 pips price target. 

USDJPY

USDJPY closed @ 9035 which was ABOVE 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 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 9125 holds and Daily Trend is Sideways Down while 9250 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 9080-9125   to maintain the bearish outlook. On the 5 min is Choppy  and the price patterns are mixed. We have no view until the breakout happens. FOMC rate announcement today.

BULLS:   8960   8860          BEARS:   9080   9145    

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.