EURUSD

EURUSD closed @ 12825 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 Above the MA, so CAUTIOUS  approach is needed. Hourly Trend is Sideways while 12750 holds and Daily Trend is Turning Up while 12580 holds, so expect the Price to be Choppy until the Breakout.  The   Daily Trend  is Turning Bullish but it is just trying to break out of the Range but the  Price Closed Unchanged which signifies a Choppy session until the Break . The MA is suggesting that the Bulls have momentum to test the Highs but the Oscillators are suggesting the same. The Hourly Trend has been in a Range Trading with an Upside  Bias and the Patterns are suggesting that 12860-80 needs to be breached to see the Bulls testing 12930-65 levels ,12770-50 are the Critical  levels to watch to maintain the Bullish Outlook. The Opening Price Principles are Mixed , so  Cautious approach is needed until the price breaks out of Zone 1 levels.


BULLS:   12790   12715   12680       BEARS:   12880   12925   12965


Today's Strategies:  LONG near   12770   12715   with a tight stop with a 50 pips price target.  

    

GBPUSD

GBPUSD closed @ 15400 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 Hrly Level.   The Hourly Oscillators are Turning Bullish and the Price is Within the MA, so the Bears have to be CAUTIOUS. Hourly Trend is Sideways while 15495 holds and Daily Trend is also Sideways while 15710 holds, so expect the Price to be Choppy until the Breakout.  The Daily Trend  is still Bearish and is within Range Trading but the Bears gave Up Mildly towards the Close which signifies a Choppy session with mild Strength . The MA is suggesting that the Bears are still in Control but may Weaken and  the Oscillators are suggesting that  the Bulls may gain. The Hourly Trend has been in a Range Trading with a Limited Downside  Bias and the Patterns are suggesting that if 15355-25 holds and 15435-60  gives way we can expect the Price to Creep Higher  ,15460-95 are the Critical  levels to watch to maintain the Bearish Outlook. The Opening Price Principles are Mixed , so  Cautious approach is needed until the price breaks out of Zone 1 levels.


BULLS:   15360   15300   15245       BEARS:   15435   15500   15545


Today's Strategies:  LONG @ the Break      15435   with a tight stop with a 50 pips price target. 

   

USDJPY

USDJPY closed @ 8430 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 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 8490 holds and Daily Trend is also Sideways while 8685 holds, so expect the Price to be Choppy until the Breakout.  The  Daily Trend  is still Bearish but is within Range Trading but the Bears gave Up Mildly towards the Close which signifies a Choppy session with mild Strength . The MA is suggesting that the Bears are Weakening but the Oscillators are suggesting no Clues. The Hourly Trend has been in a Range Trading with no clear Direction until the break and the Patterns are suggesting a Choppy session until the break , 8475-90 are the Critical  levels to watch to maintain the Bearish Outlook. The Opening Price Principles are Mixed , so  Cautious approach is needed until the price breaks out of Zone 1 levels.


BULLS:   8375   8315   8250       BEARS:   8485   8550   8600


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

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