[B][U]EURJPY[/U][/B]
EURJPY closed @ 12900 which closed below the open but was within prior day’s trading range. The High was precisely at our Resistance Zone 1. The Hourly Oscillators are mixed with a bearish bias and price is below the MA, so Cautious approach is needed. Hourly Trend is Sideways while 13140 holds and Daily Trend is Sideways Down while 13405 holds, so expect the price to be choppy with a downside bias. The price is trading within a Long Range Candle. The patterns are quite choppy, but expect the price to creep lower while 12995 level holds. Conservative traders should be Sidelined until there is a breakout or strictly trade only at our levels. While Aggressive traders wait for pullback and Short Cautiously while 12995 level holds.
[B][U]GBPJPY [/U][/B]
GBPJPY closed @ 15010 which was below the open but was within prior day’s trading range. The High was precisely at our Zone 1. The Hourly Oscillators mixed and the price is below the MA, so Cautious approach is needed. Hourly Trend is Sideways while 15240 holds and Daily Trend is Sideways Down while 15680 holds, so expect the price to be choppy with a downside bias. The price is trading within a Long Range Candle. The patterns are quite choppy but expect the price to creep lower while 15075-15240 level holds. Conservative traders should be Sidelined until there is a breakout or strictly trade only at our levels. While Aggressive traders wait for some pullback to Short while 15075-51240 level holds.
[B][U]AUDJPY [/U][/B]
AUDJPY closed @ 7215 which was below the open but within prior day’s trading range. The High was precisely at our Resistance Zone 1. The Hourly Oscillators are mixed with a bearish outlook and price is below the MA, so Cautious approach is needed. Hourly Trend is Sideways while 7340 holds and Daily Trend is Sideways Down while 7525 holds, expect the price to be choppy with a downside bias. The price is trading within a Long Range Candle. The patterns are quite choppy but expect the price to creep lower while 7275-7340 level holds. Conservative traders should be Sidelined or strictly trade only at our levels. While Aggressive traders wait for some pull back to Short while 7275-7340 level holds.