EURUSD

EURUSD closed @ 14965 which was ABOVE the open and was within prior day's trading range. The High was 5 pips from Precise Trader's Hrly Level and the Low was 10 pips from Precise Trader's Sup Zone 1.   The Hourly Oscillators are Turning Bearish and the price is Within the MA, so the Bulls have to be CAUTIOUS. Hourly Trend is Sideways Down while 15025 holds and Daily Trend is Sideways while 14720 holds, so expect the price  to be Choppy with a Downside 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 with a downside bias , 14995-15025 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 while 14965- 14995 is not breached.

BULLS:   14895   14825   14750       BEARS:   14965   14995   15025

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

Aggressive Traders :  SHORT near   14935      with a tight stop with a 50 pips price target.      

GBPUSD

GBPUSD closed @ 16750 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 15 pips from 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 Down while 16775 holds and Daily Trend is Sideways while 16450 holds, so expect the price  to make Lower Lows.  The  Price closed below  the Sup  Zone 1 , the bears  were strong but gave up mildly  towards the close .The  Hourly Trend is creeping lower expect a further downside pressure, 16775-16855 are the critical  levels to watch to maintain  the bearish outlook .  On the 5 min is along the steep Down Channel  and  the price patterns are suggesting lower lows.

BULLS:   16645   16605   16545       BEARS:   16755   16810   

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

Aggressive Traders :  SHORT near   16755   16810   with a tight stop with a 50 pips price target.      

USDJPY

USDJPY closed @ 8935 which was ABOVE the open and was within prior day's trading range.  The High was PRECISELY at 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 Down while 9020 holds and Daily Trend is Sideways 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 and bears  were Flat  towards the close .The  Hourly Trend is in a  Range trading expect a  choppy session  until the breakout happens, 8980-9020  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:   8875   8805          BEARS:   8945   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.