EURUSD

EURUSD closed @ 14965 which was ABOVE the open and breached the previous day's high. The High was 10 pips from Precise Trader's Res Zone 1 and the Low was PRECISELY at 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 while 15000 holds and Daily Trend is also 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 but  gave up mildly  towards the close .The  Hourly Trend  is creeping lower  expect the price to continue , 14970-15025  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 that it is still caught in a triangle pattern and expect a choppy session until the breakout.

BULLS:   14895   14810          BEARS:   14965   15020   

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

Aggressive Traders :  Trade @ the Bulls & Bears Levels Only               


GBPUSD

GBPUSD closed @ 16610 which was ABOVE the open and was within prior day's trading range. The High was 5 pips from Precise Trader's Res Zone 5 (U Turn Zone) and the Low was PRECISELY at Precise Trader's Sup Zone 1.   The Hourly Oscillators are Turning Bearish and the price is Below the MA, so the Bulls have to be CAUTIOUS. Hourly Trend is Sideways while 16650 holds and Daily Trend is also Sideways while 16290 holds, so expect the price  to be Choppy with a Downside bias.   The  Price closed  above the Res Zone 1, the bulls strong but gave up mildly  towards the close .The  Hourly Trend is creeping lower but expect the bears to struggle near the 16525-00 levels, 16630-70  are the critical  levels to watch to maintain  the bearish outlook .  On the 5 min is along the gradual Down  Channel  and  the price patterns are suggesting 16500-16460 might be levels to consider for the bulls for the quick profit.

BULLS:   16550   16500   16460       BEARS:   16630   16710   

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

Aggressive Traders :  Trade @ the Bulls & Bears Levels Only               


USDJPY

USDJPY closed @ 8895 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 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  bulls  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   8790          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.