EURUSD

EURUSD closed @ 14850 which was BELOW the open and was within prior day's trading range. The High was 15 pips from Precise Trader's Sup Tgt 1 and the Low was PRECISELY at Precise Trader's Hrly Level.   The Hourly Oscillators are Turning Bullish and the price is Above the MA, so the Bears have to be CAUTIOUS. Hourly Trend is Sideways Up while 14805 holds and Daily Trend is Sideways while 14625 holds, so expect the price  to make Higher Highs.  The Price  closed within the  Zone 1  but the bears were mildly strong  towards the close .The  Hourly trend is starting to test the 14925 barrier once this level gives way higher highs are expected , 14840-05 are the critical  levels to watch to maintain  the bullish outlook .  On the 5 min is along the Up Channel  and  the price patterns are suggesting to test 14965-15065 before any significant move down.  Buy on dips strategy should be applied once the 14925 barrier is cracked.

BULLS:   14865   14760          BEARS:   14960   15000   15060 

Conservative Traders:  LONG near   14885   14840   with a tight stop with a 50 pips price target.       

Aggressive Traders :  LONG @ the Break      14925   with a tight stop with a 50 pips price target.       

GBPUSD

GBPUSD closed @ 16615 which was ABOVE the open and was within prior day's trading range. The High was PRECISELY at Precise Trader's Res Tgt 1 and the Low was PRECISELY at Precise Trader's Sup Tgt 1.   The Hourly Oscillators are Bullish and the price is Above the MA, so the Bears have to be sidelined. Hourly Trend is Sideways Up while 16575 holds and Daily Trend is also Sideways Up while 16260 holds, so expect the price  to make Higher Highs.  The  Price closed within  Zone 1 but the bulls gained mildly towards the close. The Hourly  trend has marched higher and expected to continue higher until it reaches 16980-17110 , 16575-16465  are  the critical levels to watch to maintain the bullish outlook. On the 5 min is along the Up Channel and the price patterns are suggesting higher highs until it reaches 16775-16810. Buy on dips strategy should be applied.

BULLS:   16645   16580          BEARS:   16820   16860    

Conservative Traders:  LONG near   16655   16600   with a tight stop with a 50 pips price target.       

Aggressive Traders :  LONG near   16655   16600   with a tight stop with a 50 pips price target.       

USDJPY

USDJPY closed @ 8990 which was BELOW the open and breached the previous day's low. The High was 10 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 Below the MA, so CAUTIOUS  approach is needed. Hourly Trend is Sideways while 9105 holds and Daily Trend is also Sideways while 9235 holds, so expect the price  to be Choppy until the breakout happens.  The  Price closed below the Sup  Zone 1 ,the  bears were holding their towards  the close . The Hourly  is in a Range trading and expect the price to be choppy until the breakout happens , the price should not trade below 9000-8960   to maintain the bullish outlook. On the 5 min is choppy but  along the  gradual  Down Channel  and the price patterns are  mixed with no clear direction in the near future.

BULLS:   8975   8925   8835       BEARS:   9045   9105    

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.