EURUSD

EURUSD closed @ 15005 which was ABOVE the open and breached the previous day's high. The High was 20 pips from Precise Trader's Res Zone 5 (U Turn Zone) and the Low was 20 pips from Precise Trader's Sup Zone 1.   The Hourly Oscillators are Bullish but Weak and the price is Above the MA, so CAUTIOUS  approach is needed for the Bulls. Hourly Trend is Sideways while 14875 holds and Daily Trend is Sideways Up while 14680 holds, so expect the price  to be Choppy with a Upside bias.   The Price  closed  exactly at the Res U Turn  Zone 5  and  the bulls were holding their gains towards the close .The  Hourly trend is in a  Range trading with an Upside bias , 14915-14875  are the critical  levels to watch to maintain  the bullish outlook .  On the 5 min is choppy but along the Up Channel  and  the price patterns are suggesting to  move higher while 14915-14875 holds.  Buy on dips strategy should be applied.

BULLS:   14920   14820          BEARS:   15065   15130   15200 

Conservative Traders:  LONG near   14925   14840   with a tight stop with a 50 pips price target.       

Aggressive Traders :  LONG @ the Break      15025   with a tight stop with a 50 pips price target.      

 

GBPUSD

GBPUSD closed @ 16760 which was ABOVE the open and breached the previous day's high. The High was 5 pips from Precise Trader's Res Tgt 3 and the Low was 20 pips from Precise Trader's Sup Zone 1.   The Hourly Oscillators are Bullish but Weak and the price is Above the MA, so CAUTIOUS  approach is needed for the Bulls. Hourly Trend is Sideways while 16845 holds and Daily Trend is Sideways Up while 16390 holds, so expect the price  to be Choppy with a Upside bias.   The  Price closed near the Res U Turn  Zone 5  but the bulls gained mildly towards the close. The Hourly  trend  is in a Range trading but 16820-45 are the immediate barriers for the bulls , 16820-45  are  the critical levels to watch to maintain the bearish outlook. On the 5 min is along the Down  Channel and the price patterns are suggesting lower  provided 16720-16800 holds.

BULLS:   16665   16550          BEARS:   16835   16900   16960 

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 @ 8995 which was ABOVE the open and was within prior day's trading range.  The High was 5 pips from Precise Trader's Res Zone 1 and the Low was PRECISELY at Precise Trader's Sup Zone 1.   The Hourly Oscillators are MIXED and the price is Below the MA, so CAUTIOUS  approach is needed. Hourly Trend is Sideways while 9085 holds and Daily Trend is also Sideways while 9235 holds, so expect the price  to be Choppy until the breakout happens.  The  Price closed within the   Zone 1 ,the  bears and bulls  were Flat  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 above 9085-9105   to maintain the bearish outlook. On the 5 min is choppy but  along the  Horizontal  Channel  and the price patterns are  mixed with no clear direction in the near future.

BULLS:   8975   8925   8835       BEARS:   9035   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.