EURUSD

EURUSD closed @ 14865 which was ABOVE the open and breached the previous day's high. The High was PRECISELY at Precise Trader's Res Tgt 2 and the Low was 5 pips from Precise Trader's Sup Zone 1.   The Hourly Oscillators are Bullish and the price is Above the MA, so the Bears have to be sidelined. Hourly Trend is Sideways Down while 14925 holds and Daily Trend is Sideways while 15065 holds, so expect the price  to make Higher Highs but the Upside may be limited.  The Price  closed  just shy of the Res U Turn  Zone 5 but the bulls gave up mildly towards the close .The  Hourly trend is creeping lower and we have reasons to believe the top may have been seen, 14900-25  are  the critical  levels to watch to maintain  the bearish outlook . On the 5 min is Choppy  , along the gradual  Down  Channel and  the price patterns are suggesting lower provided 14865-14905 is not breached  . ECB rate announcement today.

BULLS:   14810   14765   14735       BEARS:   14860   14905   14955 

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

Aggressive Traders :  SHORT near      14860   with a tight stop with a 50 pips price target.       

GBPUSD

GBPUSD closed @ 16560 which was ABOVE the open and breached the previous day's high. The High was PRECISELY at Precise Trader's Res Zone 5 (U Turn Zone) and the Low was PRECISELY at Precise Trader's Sup Zone 1.   The Hourly Oscillators are Turning Bearish and the price is Converging towards the MA, so the Bulls have to be CAUTIOUS. Hourly Trend is Sideways Down while 16605 holds and Daily Trend is Sideways while 16695 holds, so expect the price  to be Choppy with a Downside bias.   The  Price closed  above  the Res  Zone 1 but the bulls gave mildly towards the close. The Hourly is creeping lower  and we have reasons to believe the top may have been seen , 16575-16605 are  the critical levels to watch to maintain the bearish outlook. On the 5 min is Choppy  and the price patterns are suggesting lower provided 16575-16605 is not breached .  BOE  rate announcement today.

BULLS:   16475   16405   16340       BEARS:   16575   16605   16640 

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

Aggressive Traders :  SHORT near      16575   with a tight stop with a 50 pips price target.       

USDJPY

USDJPY closed @ 9075 which was ABOVE the open and breached the previous day's high.  The High was 5 pips from Precise Trader's Hrly Level and the Low was PRECISELY at Precise Trader's Sup Zone 1.   The Hourly Oscillators are Turning Bearish and the price is Below the MA, so the Bulls have to be CAUTIOUS. Hourly Trend is Sideways Down while 9130 holds and Daily Trend is also Sideways Down while 9250 holds, so expect the price  to make Lower Lows.  The  Price closed above the Res  Zone 1 ,the bulls  gave up mildly  towards  the close . The Hourly  is  creeping lower and the top may have been seen , the price should not trade above 9080-9130  to maintain the bearish outlook. On the 5 min is along the steep Down Channel  and the price patterns are  suggesting lower while 9080-9130 is not breached. 

BULLS:   9005   8965   8920       BEARS:   9080   9145    

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

Aggressive Traders :  SHORT near      9065   with a tight stop with a 50 pips price target.