EURJPY
EURJPY closed @ 13490 which was ABOVE the open and breached the previous day’s high. The High was 5 pips from Precise Trader’s Res Tgt 3 and the Low was PRECISELY at Precise Trader’s Sup Tgt 1. The Hourly Oscillators are Turning Bearish and the price is Within the MA, so the Bulls have to be CAUTIOUS. Hourly Trend is Sideways Down while 13575 holds and Daily Trend is also Sideways Down while 13785 holds, so expect the price to be Choppy with a Downside bias. The Price has closed above the Res U turn Zone 5 but the bulls gave up mildly towards the close . EUR is Flat with a Weak bias and JPY is Strong , so both cross should drag EURJPY lower . The Hourly trend is creeping lower and we believe the high may have been seen , the price should not trade above 13525-75 to maintain the bearish outlook . On the 5 min is choppy but along the gradual Down Channel and patterns are suggesting lower while 13525 is not breached. ECB rate announcement today.
BULLS: 13340 13270 13170 BEARS: 13455 13495
Conservative Traders: SIDELINED or strictly trade only at Precise Trader’s Report Levels.
Aggressive Traders : SHORT near 13455 13525 with a tight stop with a 50 pips price target.
GBPJPY
GBPJPY closed @ 15030 which was ABOVE the open and breached the previous day’s high. The High was 30 pips from Precise Trader’s Res Tgt 3 and the Low was PRECISELY at Precise Trader’s Sup Tgt 1. The Hourly Oscillators are Turning Bearish and the price is Within the MA, so the Bulls have to be CAUTIOUS. Hourly Trend is Sideways Down while 15090 holds and Daily Trend is also Sideways Down while 15330 holds, so expect the price to be Choppy with a Downside bias. The Price has closed just above the Res U Turn Zone 5 and the bulls gave up mildly towards the close. GBP is Weak and JPY is Strong , so both the cross should drag GBPJPY lower .The Hourly trend is creeping lower and we believe the high may have been seen , the price should not trade above 14995-15090 to maintain the bearish outlook . On the 5 min is along the steep Down Channel and patterns are suggesting lower while 14995-15055 is not breached. BOE rate announcement today.
BULLS: 14885 14815 14760 BEARS: 15000 15065 15140
Conservative Traders: SIDELINED or strictly trade only at Precise Trader’s Report Levels.
Aggressive Traders : SHORT near 15000 15050 with a tight stop with a 50 pips price target.
AUDJPY
AUDJPY closed @ 8260 which was ABOVE the open and breached the previous day’s high. The High was 10 pips from Precise Trader’s Res Tgt 3 and the Low was 10 pips from Precise Trader’s Sup Tgt 1. The Hourly Oscillators are Turning Bearish and the price is Within the MA, so the Bulls have to be CAUTIOUS. Hourly Trend is Sideways Down while 8320 holds and Daily Trend is also Sideways Down while 8530 holds, so expect the price to be Choppy with a Downside bias. The Price has closed exactly at the Res U Turn Zone 5 with the bulls gave up mildly towards the close . AUD is Weak and JPY is Strong , so both the cross should drag AUDJPY lower. The Hourly is creeping lower and we believe the high may have been seen, the price should not trade above 8285-83255 to maintain the bearish outlook. On the 5 min is along the steep Down Channel and the patterns are suggesting lower while 8235-85 is not breached.
BULLS: 8130 8085 8025 BEARS: 8235 8305
Conservative Traders: SIDELINED or strictly trade only at Precise Trader’s Report Levels.
Aggressive Traders : SHORT near 8235 8285 with a tight stop with a 50 pips price target.

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