EURUSD

EURUSD closed @ 14930 which was BELOW the open and was within prior day's trading range. The High was 25 pips from Precise Trader's Res Zone 1 and the Low was PRECISELY at Precise Trader's Sup Tgt 2.   The Hourly Oscillators are MIXED and the price is Within the MA, so CAUTIOUS  approach is needed. Hourly Trend is Sideways while 14805 holds and Daily Trend is also Sideways while 14720 holds, so expect the price  to be Choppy until the breakout happens.  The Price  closed exactly at the Sup Zone 1  and  the  bears  were  strong  gave up mildly  towards the close .The  Hourly Trend  is Range trading within a triangle, 14870-05  are the critical  levels to watch to maintain  the bullish outlook .  On the 5 min is choppy  but along the gradual Up Channel  and  the price patterns are suggesting no clear direction until it breaks out of the triangle pattern.

BULLS:   14880   14825          BEARS:   14965   15010   

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 @ 16670 which was BELOW the open and breached the previous day's low. The High was 15 pips from Precise Trader's Hrly Level and the Low was 10 pips from Precise Trader's Sup Tgt 2.   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 16730 holds and Daily Trend is also Sideways while 16450 holds, so expect the price to be Choppy and Downside may be limited.  The  Price closed below  the Sup  Zone 1 , the bears  were strong but gave up mildly  towards the close .The  Hourly Trend is in a Range Trading expect a choppy session until the breakout happens, 16730-90 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 suggesting no clear direction until the breakout.

BULLS:   16615   16560          BEARS:   16675   16730   

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 @ 8900 which was BELOW the open and was within prior day's trading range.  The High was 15 pips from Precise Trader's Res Zone 1 and the Low was 15 pips from Precise Trader's Sup Tgt 2.   The Hourly Oscillators are MIXED and the price is Below the MA, so CAUTIOUS  approach is needed. Hourly Trend is Sideways while 8965 holds and Daily Trend is also Sideways while 9120 holds, so expect the price to be Choppy and Downside may be limited.  The  Price closed near the Sup  Zone 1 and  the  bears  were strong gave up mildly  towards the close .The  Hourly Trend is in a  Range trading expect a  choppy session  until the breakout happens, 8965-9020  are the critical  levels to watch to maintain  the bearish outlook .  On the 5 min is choppy but along the Horizontal  Channel  and  the price patterns are mixed in the near future.

BULLS:   8855   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.