Sign inPreciseTrader's Commentaries
Forecast on JPY Crosses (EURJPY, GBPJPY, AUDJPY)
EURJPY
EURJPY closed @ 12185 which was BELOW the open and was within prior day's trading range. The High was 10 pips from 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 Below the MA, so CAUTIOUS approach is needed. Hourly Trend is Corrective Down while 12330 holds and Daily Trend is also Corrective Down while 12580 holds, so expect the price to be Choppy until the breakout happens. The Daily Trend was within the prior day's Range .The Hourly Trend has been in a Range Trading with no clear signal ,12270-12330 are the critical levels to watch to maintain the bearish outlook . On the 5 min is along the gradual Up Channel and the patterns are suggesting a Choppy session until the break . The Opening price principle are mixed so Cautious approach is needed. EUR is marginally Strong with a mixed bias and JPY Flat with a mixed bias , so both the Cross might lead the EURJPY nowhere until one of the cross breaks out of the range.
BULLS: 12185 12095 12050 BEARS: 12270 12360
Conservative Traders: SIDELINED or strictly trade only at Precise Trader's Report Levels.
Aggressive Traders : Trade @ the Bulls & Bears Levels Only
GBPJPY
GBPJPY closed @ 13910 which was BELOW 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 25 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 Corrective Down while 14080 holds and Daily Trend is also Corrective Down while 14350 holds, so expect the price to be Choppy until the breakout happens. The Daily Trend was within the prior day's Range .The Hourly Trend has been in a Range Trading with no clear signal ,13995-14080 are the critical levels to watch to maintain the bearish outlook . On the 5 min is along the gradual Up Channel and the patterns are suggesting a Choppy session until the break . The Opening price principle are mixed so Cautious approach is needed. GBP is marginally Strong with a mixed bias and JPY Flat with a mixed bias , so both the Cross might lead the GBPJPY nowhere until one of the cross breaks out of the range.
BULLS: 13880 13805 13765 BEARS: 13995 14080 14145
Conservative Traders: SIDELINED or strictly trade only at Precise Trader's Report Levels.
Aggressive Traders : Trade @ the Bulls & Bears Levels Only
AUDJPY
AUDJPY closed @ 7720 which was BELOW 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 PRECISELY at Precise Trader's Sup Tgt 1. The Hourly Oscillators are MIXED and the price is Below the MA, so CAUTIOUS approach is needed. Hourly Trend is Corrective Down while 7830 holds and Daily Trend is also Corrective Down while 8035 holds, so expect the price to be Choppy until the breakout happens. The Daily Trend was within the prior day's Range .The Hourly Trend has been in a Range Trading with no clear signal ,7775-7830 are the critical levels to watch to maintain the bearish outlook . On the 5 min is along the gradual Up Channel and the patterns are suggesting a Choppy session until the break . The Opening price principle are mixed so Cautious approach is needed. AUD is marginally Strong with a mixed bias and JPY Flat with a mixed bias , so both the Cross might lead the AUDJPY nowhere until one of the cross breaks out of the range.
BULLS: 7690 7610 7590 BEARS: 7805 7860 7910
Conservative Traders: SIDELINED or strictly trade only at Precise Trader's Report Levels.
Aggressive Traders : Trade @ the Bulls & Bears Levels Only
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