EURUSD

EURUSD closed @ 14875 which was BELOW the open and breached the previous day's low. The High was PRECISELY at Precise Trader's Res Zone 1 and the Low was 10 pips from Precise Trader's Sup Zone 5 (U Turn Zone).   The Hourly Oscillators are Bearish but Weak and the price is Below the MA, so CAUTIOUS  approach is needed for the Bears. Hourly Trend is Sideways while 15005 holds and Daily Trend is also Sideways while 14720 holds, so expect the price  to be Choppy with a Upside bias.   The Price  closed  below the Sup  Zone 1  and  the  bears  were  strong  gave up mildly  towards the close .The  Hourly Trend  is range trading expect the price to be choppy until the breakout , 14935-15005 are the critical  levels to watch to maintain  the bearish outlook .  On the 5 min is choppy but along the gradual Up Channel  and  the price patterns are at the critical levels for a turn down but has not given a confirmation.

BULLS:   14825   14775          BEARS:   14935   14980   15025

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 @ 16815 which was UNCHANGED from 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 Turning Bearish and the price is Above the MA, so the Bulls have to be CAUTIOUS. Hourly Trend is Sideways while 16945 holds and Daily Trend is Sideways Up while 16450 holds, so expect the price  to be Choppy until the breakout happens.  The  Price closed within the  Zone 1 , the bulls and bears  were Flat  towards the close .The  Hourly Trend is in a  Range trading  expect a choppy session until the breakout, 16880-16945 are the critical  levels to watch to maintain  the bearish outlook .  On the 5 min is along the Horizontal Channel  and  the price patterns are mixed but at the critical levels for a turn down but has not given a confirmation.

BULLS:   16760   16700   16605       BEARS:   16835   16905   16965

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 @ 8925 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 Zone 1.   The Hourly Oscillators are MIXED and the price is Below the MA, so CAUTIOUS  approach is needed. Hourly Trend is Sideways while 9020 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 within the  Zone 1 and  the bulls  were  mildly strong  towards the close .The  Hourly Trend is in a  Range trading expect a  choppy session  until the breakout happens, 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 mixed in the near future.

BULLS:   8885   8825          BEARS:   8940   8995   

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.