[B][U]EURUSD[/U][/B]
EURUSD closed @ 13940 which was below the open but within prior day’s trading range. The price turned down earlier than expected but the high was within Zone 1. The Hourly Oscillators turning bearish and the price is below the MA, the bulls have to be Sidelined. Hourly Trend is Sideways Down while 14000 holds and Daily Trend is Sideways while 14205 holds, so expect the price to make lower lows after the 13910 gives way. The Patterns are just forming but pointing lower while 14000 level holds. Conservative traders should look for pullback near 14000 level for Short or strictly trade only at our levels. While Aggressive traders can also Short near the 14000 level.
[B][U]GBPUSD[/U][/B]
GBPUSD closed @ 16220 which was below the open but within prior day’s trading range. The price turned down earlier than expected but the high was within Zone 1. The Hourly Oscillators are bearish and gaining strength and price is below the MA, so the bulls have to be Sidelined. Hourly Trend is Sideways Down while 16230-16275 level holds and Daily Trend is also Sideways Down while 16505 holds, so expect the price to make lower lows. The Patterns are pointing lower while 16230-16275 level holds. Conservative traders should look to Short for any pullback while 16230-16275 level holds or strictly trade only at our levels. While Aggressive traders can also follow the same Strategy .
[B][U]USDJPY[/U][/B]
USDJPY closed @ 9260 which was below the open but within range. The High precisely at our Resistance Zone 1 and the Low was at our U turn Zone. The Hourly Oscillators are mixed and price is below the MA, so Cautious approach is needed. Hourly Trend is Sideways while 9490 holds and Daily Trend is Sideways Down while 9550 holds, so expect the price to be choppy and is trading within a Long Range Candle. The patterns are quite choppy and is expected to be in this behaviour until there is a breakout. Conservative traders wait for better entry levels after the breakout or strictly trade only at our levels. While Aggressive traders can also wait for better entry levels