EURJPY

EURJPY closed @ 12300 which was BELOW the open and breached the previous day's low. The High was 10 pips from Precise Trader's Res Zone 1 and the Low was PRECISELY at Precise Trader's Sup Zone 5 (U Turn Zone).   The Hourly Oscillators are Bearish but Weak and the price is Below the MA, so CAUTIOUS  approach is needed for the Bears. Hourly Trend is Sideways while 12440 holds and Daily Trend is also Sideways while 12085 holds, so expect the price  to be Choppy with a Downside bias.   The Daily Trend Plunged  with  the Bears holding their gains till  the Close. The  Hourly Trend  has been in a Range Trading with a Downside Bias ,12370-12440 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 until the break. The Opening Price Principles are mixed so cautious approach is needed until the break . EUR is Flat with a Weak Bias  and JPY is also Flat with a Mixed Bias ,  so EUR  may  lead  the  EURJPY Lower slowly but may be limited.

BULLS:   12250   12190   12135       BEARS:   12350   12400   12440

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

Aggressive Traders :  Trade @ the Bulls & Bears Levels Only               

GBPJPY

GBPJPY closed @ 13780 which was BELOW the open and was within prior day's trading range. The High was 5 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 but Weak and the price is Above the MA, so CAUTIOUS  approach is needed for the Bears. Hourly Trend is Sideways while 13880 holds and Daily Trend is Sideways Up while 13360 holds, so expect the price  to be Choppy until the breakout happens.  The Daily Trend was within the  Prior Day's Range with  the Bears  giving up half of their gains towards the Close. The  Hourly Trend  has been in a Range Trading with no Clear Direction , 13815-80 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 until the break. The Opening Price Principles are mixed so cautious approach is needed until the break . GBP and JPY  are both Flat with a Mixed Bias ,  so both  may  lead  the  GBPJPY nowhere until one of the Cross breaks out  in the opposite Direction.

BULLS:   13725   13645   13595       BEARS:   13835   13880   13935

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

Aggressive Traders :  Trade @ the Bulls & Bears Levels Only               

AUDJPY

AUDJPY closed @ 8320 which was BELOW the open and was within prior day's trading range.  The High was 5 pips from Precise Trader's Res Zone 1 and the Low was 5 pips from Precise Trader's Sup Tgt 2.   The Hourly Oscillators are Bearish but Weak and the price is Above the MA, so CAUTIOUS  approach is needed for the Bears. Hourly Trend is Sideways while 8385 holds and Daily Trend is also Sideways while 8155 holds, so expect the price  to be Choppy until the breakout happens.  The Daily Trend was within the  Prior Day's Range with  the Bears  giving up most of their gains towards the Close. The  Hourly Trend  has been in a Range Trading with no Clear Direction , 8365-85  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 until the break. The Opening Price Principles are mixed so cautious approach is needed until the break . AUD and JPY  are both Flat with a Mixed Bias ,  so both  may  lead  the  AUDJPY nowhere until one of the Cross breaks out  in the opposite Direction.

BULLS:   8280   8220   8175       BEARS:   8390   8435   8460

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

Aggressive Traders :  Trade @ the Bulls & Bears Levels Only