EURUSD

EURUSD closed @ 14970 which was ABOVE the open and was within prior day's trading range. The High was PRECISELY at Precise Trader's Res Zone 1 and the Low was 10 pips from Precise Trader's Sup Tgt 1. The Hourly Oscillators are Bullish but Weak and the price is Above the MA, so CAUTIOUS approach is needed for the Bulls. Hourly Trend is Sideways Up while 14885 holds and Daily Trend is Sideways while 14720 holds, so expect the price to be Choppy with a Upside bias. The Price closed within the Zone 1 , the bulls and bears were Flat towards the close .The Hourly Trend is in a Range Trading with a potential to break higher, 14930-14885 are the critical levels to watch to maintain the bullish outlook . On the 5 min is choppy but along the gradual Up Channel and the price patterns are suggesting higher once 15005-30 barrier gives way.
BULLS: 14935 14880 BEARS: 15035 15090 15120
Conservative Traders: SIDELINED or strictly trade only at Precise Trader's Report Levels.
Aggressive Traders : LONG near 14935 14885 with a tight stop with a 50 pips price target.

GBPUSD

GBPUSD closed @ 16590 which was BELOW the open and was within prior day's trading range. The High was 20 pips from Precise Trader's Res Zone 1 and the Low was 10 pips from Precise Trader's Sup Tgt 2. The Hourly Oscillators are Turning Bullish and the price is Within the MA, so the Bears have to be CAUTIOUS. Hourly Trend is Sideways Up while 16495 holds and Daily Trend is Sideways while 16290 holds, so expect the price to be Choppy with a Upside bias. The Price closed within Zone 1, the bears were strong but gave up most of the gains towards the close .The Hourly Trend is creeping higher expect the bulls to struggle near the 16650-75 barrier, 16530-16495 are the critical levels to watch to maintain the bullish outlook . On the 5 min is along the Up Channel and the price patterns are suggesting higher once 16650-75 gives way.
BULLS: 16550 16510 BEARS: 16650 16675 16750
Conservative Traders: SIDELINED or strictly trade only at Precise Trader's Report Levels.
Aggressive Traders : LONG near 16550 16510 with a tight stop with a 50 pips price target.

USDJPY

USDJPY closed @ 8850 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 15 pips from Precise Trader's Sup Tgt 1. 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 8925 holds and Daily Trend is also Sideways Down while 9065 holds, so expect the price to be Choppy with a Downside bias. The Price closed below the Sup Zone 1 and the bears were strong gave up mildly towards the close .The Hourly Trend is creeping lower but expect the bears to struggle near the 8795 barrier, 8925-65 are the critical levels to watch to maintain the bearish outlook . On the 5 min is choppy but along the Down Channel and the price patterns are suggesting lower once 8795 barrier gives way.
BULLS: 8800 8760 BEARS: 8860 8910
Conservative Traders: SIDELINED or strictly trade only at Precise Trader's Report Levels.

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