EURUSD

EURUSD closed @ 14970 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 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 while 14845 holds and Daily Trend is also Sideways while 14720 holds, so expect the price  to be Choppy with a Upside bias.   The Price  closed  above the Res  Zone 1  and  the  bulls  were  strong  gave up mildly  towards the close .The  Hourly Trend  is range trading expect the price to be choppy until the breakout , 14875-45 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 higher while 14905-14875  is not breached.

BULLS:   14905   14835          BEARS:   15035   15120   

Conservative Traders:  LONG near   14905   14870   with a tight stop with a 50 pips price target.      

Aggressive Traders :  LONG near   14905   14870   with a tight stop with a 50 pips price target.      


GBPUSD

GBPUSD closed @ 16820 which was ABOVE the open and breached the previous day's high. The High was 25 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 and the price is Above the MA, so the Bears have to be sidelined. Hourly Trend is Sideways Up while 16720 holds and Daily Trend is also Sideways Up while 16515 holds, so expect the price  to make Higher Highs.  The  Price closed above the Res  Zone 1 and  the bulls were strong but gave up mildly  towards the close .The  Hourly Trend is in a  Range trading  with an Upside bias but expect the bulls to  test the 16880 barrier one more time before any significant move down, 16720-16640 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 while 16720- 16640 is not breached.

BULLS:   16760   16720   16665       BEARS:   16860   16905   16965

Conservative Traders:  LONG near   16760   16720   with a tight stop with a 50 pips price target.      

Aggressive Traders :  LONG near   16760   16720   with a tight stop with a 50 pips price target.      


USDJPY

USDJPY closed @ 8905 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 Tgt 2.   The Hourly Oscillators are Bearish and the price is Below the MA, so the Bulls have to be sidelined. Hourly Trend is Sideways while 9000 holds and Daily Trend is Sideways Down while 9120 holds, so expect the price to be Choppy and Downside may be limited.  The  Price closed below the Sup  Zone 1 and  the bears were strong but gave up mildly  towards the close .The  Hourly Trend is in a  Range trading expect a  choppy session  with the downside limited to 8805-8745 levels, 9000-30  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 suggesting lower but 8875-8850 should give way for the price to creep lower.

BULLS:   8855   8795   8745       BEARS:   8940   9000   9065

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

Aggressive Traders :  SHORT near   8945   9000   with a tight stop with a 50 pips price target.