EURUSD

EURUSD closed @ 12810 which was ABOVE the open and breached the previous day's high. The High was PRECISELY at Precise Trader's Res Tgt 3 and the Low was 15 pips from Precise Trader's Sup Zone 1.   The Hourly Oscillators are Bullish and the Price is Above the MA, so the Bears have to be Sidelined. Hourly Trend is Sideways Up while 12715 holds and Daily Trend is Turning Up while 12580 holds, so expect the Price to be Choppy with a  potential to Break Higher.  The Daily Trend breached  the Prior few Day's Range  but the Bulls gave up mildly towards the Close which signifies Choppy Trading with a mild Weakness in the First Half of the Day . The  Hourly Trend  has been in a Range Trading with an Upside Bias, 12755-15 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  with a Potential to break Higher . The Opening Price Principles are Mixed , so  Cautious approach is needed until the price breaks out of Zone 1 levels.


BULLS:   12760   12695   12625       BEARS:   12860   12915   12985


Today's Strategies:  LONG near   12760   12715   with a tight stop with a 50 pips price target.  

    

GBPUSD

GBPUSD closed @ 15455 which was ABOVE the open and was within prior day's trading range. The High was PRECISELY at Precise Trader's Res Zone 5 (U Turn Zone) and the Low was 20 pips from Precise Trader's Sup Zone 1.   The Hourly Oscillators are Bullish but Weak and the Price is Within the MA, so CAUTIOUS  approach is needed for the Bulls. Hourly Trend is Sideways Up while 15360 holds and Daily Trend is Sideways while 15710 holds, so expect the Price to be Choppy with a  potential to Break Higher.  The  Daily  Trend  was within the Prior  Day's Range   but the Bulls gained aggressively towards the Close which signifies some Strength. The  Hourly Trend  has been in a Range Trading with a Upside  Bias, 15395-60 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 with a Potential to break Higher. The Opening Price Principles are Mixed , so  Cautious approach is needed until the price breaks out of Zone 1 levels.


BULLS:   15380   15320   15245       BEARS:   15525   15600   15675


Today's Strategies:  LONG near   15380   15325   with a tight stop with a 50 pips price target.  

    

USDJPY

USDJPY closed @ 8445 which was ABOVE the open and was within prior day's trading range.  The High was PRECISELY at Precise Trader's Res Tgt 1 and the Low was 5 pips from Precise Trader's Sup Tgt 1.   The Hourly Oscillators are MIXED and the Price is Within the MA, so CAUTIOUS  approach is needed. Hourly Trend is Turning Up while 8360 holds and Daily Trend is Sideways while 8685 holds, so expect the Price  to Turn Up Soon, so the Bears may stay Sidelined and the Bulls get ready to pull the Trigger.  The Daily  Trend was within  the Prior few  Day's Range  but the Bulls gained mildly towards the Close which signifies a Choppy Session until the Break. The  Hourly Trend  has been in a Range Trading with no Clear Direction, 8395-60 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 price breaks out of Zone 1 levels.


BULLS:   8420   8360   8300       BEARS:   8465   8525   8585


Today's Strategies:  Trade @ the Bulls Levels Only.               

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