EURUSD

EURUSD closed @ 12720 which was ABOVE the open and was within prior day's trading range. The High was 20 pips from Precise Trader's Res Tgt 1 and the Low was 5 pips from Precise Trader's Sup Zone 1.   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 12650 holds and Daily Trend is Sideways Up while 12580 holds, so expect the Price to be Choppy until the Breakout.  The  Daily Trend  is  Bullish but is Weakening , the  Price breached the Prior Day's Low but the Bulls gained mildly towards the Close which signifies some Strength but the Bulls need to crack the 12775 mark for further gains . The MA is suggesting a Choppy Session and the Bulls may have to struggle but the Oscillators are suggesting  the Bulls may gain. The Hourly Trend has been in a Range Trading  with a Limited Downside Bias and the Patterns are suggesting a Choppy Session  until the Break,12665-50 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:   12705   12650   12585       BEARS:   12765   12815   12880


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

              

GBPUSD

GBPUSD closed @ 15470 which was ABOVE the open and breached the previous day's high. The High was 15 pips from Precise Trader's Res Zone 5 (U Turn Zone) and the Low was 15 pips from Precise Trader's Sup Zone 1.   The Hourly Oscillators are Bullish and the Price is Within the MA, so the Bears have to be Sidelined. Hourly Trend is Sideways while 15395 holds and Daily Trend is also Sideways while 15710 holds, so expect the Price to be Choppy until the Breakout.  The Daily Trend  is  Mixed  , the Price  was within the Prior Few day's Range  but the Bulls gave up mildly towards the Close which signifies a Choppy session with some Strength . The MA is suggesting a Choppy session and  the Oscillators are suggesting a Bullish Bias. The Hourly Trend has been in a Range Trading with an Upside  Bias and the Patterns are suggesting a Choppy session with a potential to break Higher ,15410-15395 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:   15420   15385   15325       BEARS:   15530   15605   15665


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

              

USDJPY

USDJPY closed @ 8390 which was UNCHANGED from 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 Tgt 1.   The Hourly Oscillators are Turning Bullish and the Price is Below the MA, so the Bears have to be CAUTIOUS. Hourly Trend is Turning Up while 8275 holds and Daily Trend is Sideways while 8565 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  is Mixed the Bears breached the Prior Day's Low but gave up all their gains  towards the Close which signifies a Choppy session with some Strength . The MA is suggesting a Choppy Session and the Oscillators are showing  Mixed Signals. The Hourly Trend has been in a Range Trading with no clear Direction until the break and the Patterns are suggesting a Choppy session  with the potential to break higher provided  the Low 8330 holds , 8410-30 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:   8345   8300   8260       BEARS:   8410   8465   8535


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

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