EURUSD
EURUSD closed @ 14865 which was ABOVE the open and breached the previous day’s high. The High was PRECISELY at Precise Trader’s Res Tgt 2 and the Low was 5 pips from Precise Trader’s Sup Zone 1. The Hourly Oscillators are Bullish and the price is Above the MA, so the Bears have to be sidelined. Hourly Trend is Sideways Down while 14925 holds and Daily Trend is Sideways while 15065 holds, so expect the price to make Higher Highs but the Upside may be limited. The Price closed just shy of the Res U Turn Zone 5 but the bulls gave up mildly towards the close .The Hourly trend is creeping lower and we have reasons to believe the top may have been seen, 14900-25 are the critical levels to watch to maintain the bearish outlook . On the 5 min is Choppy , along the gradual Down Channel and the price patterns are suggesting lower provided 14865-14905 is not breached . ECB rate announcement today.
BULLS: 14810 14765 14735 BEARS: 14860 14905 14955
Conservative Traders: SIDELINED or strictly trade only at Precise Trader’s Report Levels.
Aggressive Traders : SHORT near 14860 with a tight stop with a 50 pips price target.
GBPUSD
GBPUSD closed @ 16560 which was ABOVE the open and breached the previous day’s high. The High was PRECISELY at Precise Trader’s Res Zone 5 (U Turn Zone) and the Low was PRECISELY at Precise Trader’s Sup Zone 1. The Hourly Oscillators are Turning Bearish and the price is Converging towards the MA, so the Bulls have to be CAUTIOUS. Hourly Trend is Sideways Down while 16605 holds and Daily Trend is Sideways while 16695 holds, so expect the price to be Choppy with a Downside bias. The Price closed above the Res Zone 1 but the bulls gave mildly towards the close. The Hourly is creeping lower and we have reasons to believe the top may have been seen , 16575-16605 are the critical levels to watch to maintain the bearish outlook. On the 5 min is Choppy and the price patterns are suggesting lower provided 16575-16605 is not breached . BOE rate announcement today.
BULLS: 16475 16405 16340 BEARS: 16575 16605 16640
Conservative Traders: SIDELINED or strictly trade only at Precise Trader’s Report Levels.
Aggressive Traders : SHORT near 16575 with a tight stop with a 50 pips price target.
USDJPY
USDJPY closed @ 9075 which was ABOVE the open and breached the previous day’s high. The High was 5 pips from Precise Trader’s Hrly Level and the Low was PRECISELY at Precise Trader’s Sup Zone 1. The Hourly Oscillators are Turning Bearish and the price is Below the MA, so the Bulls have to be CAUTIOUS. Hourly Trend is Sideways Down while 9130 holds and Daily Trend is also Sideways Down while 9250 holds, so expect the price to make Lower Lows. The Price closed above the Res Zone 1 ,the bulls gave up mildly towards the close . The Hourly is creeping lower and the top may have been seen , the price should not trade above 9080-9130 to maintain the bearish outlook. On the 5 min is along the steep Down Channel and the price patterns are suggesting lower while 9080-9130 is not breached.
BULLS: 9005 8965 8920 BEARS: 9080 9145
Conservative Traders: SIDELINED or strictly trade only at Precise Trader’s Report Levels.
Aggressive Traders : SHORT near 9065 with a tight stop with a 50 pips price target.
EURUSD closed @ 14865 which was ABOVE the open and breached the previous day’s high. The High was PRECISELY at Precise Trader’s Res Tgt 2 and the Low was 5 pips from Precise Trader’s Sup Zone 1. The Hourly Oscillators are Bullish and the price is Above the MA, so the Bears have to be sidelined. Hourly Trend is Sideways Down while 14925 holds and Daily Trend is Sideways while 15065 holds, so expect the price to make Higher Highs but the Upside may be limited. The Price closed just shy of the Res U Turn Zone 5 but the bulls gave up mildly towards the close .The Hourly trend is creeping lower and we have reasons to believe the top may have been seen, 14900-25 are the critical levels to watch to maintain the bearish outlook . On the 5 min is Choppy , along the gradual Down Channel and the price patterns are suggesting lower provided 14865-14905 is not breached . ECB rate announcement today.
BULLS: 14810 14765 14735 BEARS: 14860 14905 14955
Conservative Traders: SIDELINED or strictly trade only at Precise Trader’s Report Levels.
Aggressive Traders : SHORT near 14860 with a tight stop with a 50 pips price target.
GBPUSD
GBPUSD closed @ 16560 which was ABOVE the open and breached the previous day’s high. The High was PRECISELY at Precise Trader’s Res Zone 5 (U Turn Zone) and the Low was PRECISELY at Precise Trader’s Sup Zone 1. The Hourly Oscillators are Turning Bearish and the price is Converging towards the MA, so the Bulls have to be CAUTIOUS. Hourly Trend is Sideways Down while 16605 holds and Daily Trend is Sideways while 16695 holds, so expect the price to be Choppy with a Downside bias. The Price closed above the Res Zone 1 but the bulls gave mildly towards the close. The Hourly is creeping lower and we have reasons to believe the top may have been seen , 16575-16605 are the critical levels to watch to maintain the bearish outlook. On the 5 min is Choppy and the price patterns are suggesting lower provided 16575-16605 is not breached . BOE rate announcement today.
BULLS: 16475 16405 16340 BEARS: 16575 16605 16640
Conservative Traders: SIDELINED or strictly trade only at Precise Trader’s Report Levels.
Aggressive Traders : SHORT near 16575 with a tight stop with a 50 pips price target.
USDJPY
USDJPY closed @ 9075 which was ABOVE the open and breached the previous day’s high. The High was 5 pips from Precise Trader’s Hrly Level and the Low was PRECISELY at Precise Trader’s Sup Zone 1. The Hourly Oscillators are Turning Bearish and the price is Below the MA, so the Bulls have to be CAUTIOUS. Hourly Trend is Sideways Down while 9130 holds and Daily Trend is also Sideways Down while 9250 holds, so expect the price to make Lower Lows. The Price closed above the Res Zone 1 ,the bulls gave up mildly towards the close . The Hourly is creeping lower and the top may have been seen , the price should not trade above 9080-9130 to maintain the bearish outlook. On the 5 min is along the steep Down Channel and the price patterns are suggesting lower while 9080-9130 is not breached.
BULLS: 9005 8965 8920 BEARS: 9080 9145
Conservative Traders: SIDELINED or strictly trade only at Precise Trader’s Report Levels.
Aggressive Traders : SHORT near 9065 with a tight stop with a 50 pips price target.