EURUSD

EURUSD closed @ 13610 which was BELOW the open and breached the previous day's low. The High was 30 pips from Precise Trader's Res Zone 1 and the Low was 5 pips from Precise Trader's Sup Zone 5 (U Turn Zone).   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 13705 holds and Daily Trend is Sideways while 13865 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 the a limited Downside Bias , 13665-13705 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  with a potential to test the Lows. The Opening Price Principles  are mixed  so Cautious approach is needed  until the break.

BULLS:   13580   13520   13465       BEARS:   13655   13705   13755

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

Aggressive Traders :  SHORT near   13665   13705   with a tight stop with a 50 pips price target.      

GBPUSD

GBPUSD closed @ 15245 which was BELOW the open and was within prior day's trading range. The High was 25 pips from Precise Trader's Res Zone 1 and the Low was PRECISELY at Precise Trader's Hrly Level.   The Hourly Oscillators are Bearish and the price is Within the MA, so the Bulls have to be sidelined. Hourly Trend is Sideways while 15360 holds and Daily Trend is also Sideways while 14840 holds, so expect the price  to be Choppy with a Downside bias.   The  Daily Trend  was within Prior Day's Range  with the Bears giving up mildly towards the close. The  Hourly Trend  has  been in a Range Trading  with a Downside Bias , 15280-15360 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 break lower but the Bears must Clear 15175 level for the price to move lower . The Opening Price Principles  are mixed  so Cautious approach is needed  until the break.

BULLS:   15210   15120   15095       BEARS:   15310   15360   15400

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

Aggressive Traders :  SHORT near   15305   15360   with a tight stop with a 50 pips price target.      

USDJPY

USDJPY closed @ 9040 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 Bullish and the price is Within the MA, so the Bears have to be sidelined. Hourly Trend is Sideways while 8975 holds and Daily Trend is also Sideways while 8860 holds, so expect the price  to be Choppy until the breakout happens.  The Daily Trend was within the  prior Day's Range and closed Unchanged  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:   8975   8930   8905       BEARS:   9085   9135   9170

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

Aggressive Traders :  Trade @ the Bulls & Bears Levels Only