EURUSD

EURUSD closed @ 14310 which was BELOW 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 5 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 while 14445 holds and Daily Trend is also Sideways while 14615 holds, so expect the price  to be Choppy with a Downside bias.   The Daily Trend has been in Sideways for quite some time  and expect a Range Trading until the breakout. The  Hourly Trend  is also in a Range Trading and a Choppy session until the breakout ,14375-14445 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 a choppy session a head . The Opening price principle suggests no clear direction until the break. Non -Farm Payroll is out today.

BULLS:   14245   14155          BEARS:   14365   14425   

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

Aggressive Traders :  Trade @ the Bulls & Bears Levels Only               


GBPUSD

GBPUSD closed @ 15935 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 PRECISELY at 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 16055 holds and Daily Trend is also Sideways while 16295 holds, so expect the price  to be Choppy until the breakout happens.  The  Daily Trend  has been in Sideways for quite some time  and expect a Range Trading until the breakout. The  Hourly Trend  is also in a Range Trading and expect a choppy session until the breakout ,15995-16055 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 a choppy session a head. The Opening price principle suggests  no clear direction until the break. Non -Farm Payroll is out today.

BULLS:   15915   15860   15800       BEARS:   15975   16055   16175

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

Aggressive Traders :  Trade @ the Bulls & Bears Levels Only               


USDJPY

USDJPY closed @ 9335 which was ABOVE the open and breached the previous day's high.  The High was 5 pips from Precise Trader's Res Tgt 1 and the Low was PRECISELY at Precise Trader's Sup Zone 1.   The Hourly Oscillators are Bullish but Weak and the price is Above the MA, so CAUTIOUS  approach is needed for the Bulls. Hourly Trend is Sideways while 9265 holds and Daily Trend is Sideways Up while 9085 holds, so expect the price  to be Choppy until the breakout happens.  The Daily Trend  has just broke out of the Range but it is approaching its price target. The  Hourly Trend  is in a Range Trading and price is expected to be choppy until it breaks out of the Range  ,9265-05  are the critical  levels to watch to maintain  the bullish outlook .  On the 5 min is along the gradual Up Channel and  the price patterns are suggesting that it may top out soon . The Opening price principle suggests no clear direction but we believe the bulls might give up soon so a Cautious approach is needed. Non -Farm Payroll is out today.

BULLS:   9255   9185          BEARS:   9380   9435   9480

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

Aggressive Traders :  Trade @ the Bulls & Bears Levels Only