EURUSD

EURUSD closed @ 14865 which was BELOW the open and was within prior day's trading range. The High was 20 pips from Precise Trader's Res Zone 1 and the Low was 5 pips from Precise Trader's Sup Tgt 2.   The Hourly Oscillators are Turning Bullish and the price is Within the MA, so the Bears have to be CAUTIOUS. Hourly Trend is Sideways Up while 14805 holds and Daily Trend is Sideways while 14720 holds, so expect the price to be Choppy and Upside may be limited.  The Price  closed below the  Sup Zone 1  and  the  bears  were  strong  gave up mildly  towards the close .The  Hourly Trend  is creeping higher but the bulls may struggle to clear the 14965-15015 barrier, 14830-14805  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 that it is still caught in a triangle pattern and expect a choppy session until the breakout.

BULLS:   14845   14785          BEARS:   14965   15020   

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

Aggressive Traders :  SHORT near   14965   15020   with a tight stop with a 50 pips price target.      


GBPUSD

GBPUSD closed @ 16505 which was BELOW the open and breached the previous day's low. The High was 25 pips from Precise Trader's Res Zone 1 and the Low was 5 pips from Precise Trader's Dly Level.   The Hourly Oscillators are MIXED and the price is Below the MA, so CAUTIOUS  approach is needed. Hourly Trend is Sideways while 16630 holds and Daily Trend is also Sideways while 16290 holds, so expect the price to be Choppy and Upside may be limited.  The  Price closed at the Sup U Turn  Zone 5 , the bears  were very  strong but gave up mildly  towards the close .The  Hourly Trend is in a Range Trading expect a choppy session but the upside should be limited, 16630-16710  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 the upside should be limited.

BULLS:   16475   16405          BEARS:   16630   16710   

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

Aggressive Traders :  SHORT near   16630   16710   with a tight stop with a 50 pips price target.      


USDJPY

USDJPY closed @ 8890 which was BELOW the open and was within prior day's trading range.  The High was 10 pips from Precise Trader's Res Zone 1 and the Low was 5 pips from Precise Trader's Sup Tgt 1.   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 9065 holds, so expect the price  to be Choppy until the breakout happens.  The  Price closed within  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:   8925   8965   

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.