EURUSD

EURUSD closed @ 13530 which was BELOW the open and breached the previous day's low. The High was 10 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 MIXED and the price is Below the MA, so CAUTIOUS  approach is needed. Hourly Trend is Sideways Down while 13645 holds and Daily Trend is also Sideways Down while 13750 holds, so expect the price  to be Choppy with a Downside bias.   The Daily Trend Plunged  below the Prior Day's Low and  the Bears holding their gains till the close. The  Hourly Trend  has  been in a Range Trading  with  a limited Downside Bias , 13575-13645  are the critical  levels to watch to maintain the Bearish  Outlook . On the 5 min is along the gradual Down Channel  and the Patterns are suggesting a Choppy Session  with a potential to test the Lows provided 13575-13645 Holds. The Opening Price Principles  are mixed  so Cautious approach is needed  until the break.

BULLS:   13490   13440   13385       BEARS:   13575   13620   13675

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

Aggressive Traders :  SHORT near   13575   13620   with a tight stop with a 50 pips price target.      

GBPUSD

GBPUSD closed @ 15015 which was BELOW the open and breached the previous day's low. The High was 15 pips from Precise Trader's Res Zone 1 and the Low was 60 pips from Precise Trader's Sup Tgt 3.   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 15095 holds and Daily Trend is also Sideways Down while 15380 holds, so expect the price  to be Choppy with a Downside bias.   The  Daily Trend Plunged and  the Bears holding their gains till the close . The  Hourly Trend  has  been in a Range Trading  with a limited  Downside  Bias , 15075-95 are the critical  levels to watch to maintain the Bearish  Outlook . On the 5 min is along the Horizontal  Channel and the Patterns are suggesting a Choppy Session  until the Break. The Opening Price Principles  are mixed  so Cautious approach is needed  until the break.

BULLS:   14970   14915   14855       BEARS:   15050   15125   15165

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

Aggressive Traders :  Trade @ the Bulls & Bears Levels Only               

USDJPY

USDJPY closed @ 9055 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 15 pips from Precise Trader's Sup Zone 1.   The Hourly Oscillators are MIXED and the price is Within the MA, so CAUTIOUS  approach is needed. Hourly Trend is Sideways while 8975 holds and Daily Trend is also Sideways while 8810 holds, so expect the price  to be Choppy until the breakout happens.  The Daily Trend was within the  Prior Day's Range but the Bulls gave up mildly towards the close. The  Hourly Trend  has been in a Range Trading with no Clear Direction , 9005-8975  are the critical  levels to watch to maintain  the Bullish Outlook .  On the 5 min is along the Horizontal  Channel and  the Patterns are suggesting a Choppy Session until the break. The Opening Price Principles are mixed so Cautious approach is needed until the break .

BULLS:   9010   8955   8905       BEARS:   9085   9120   9175

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

Aggressive Traders :  Trade @ the Bulls & Bears Levels Only