[B][U]EURJPY[/U][/B]
EURJPY closed @ 12995 which closed above the open but was within prior day’s trading range. The Low was 10 pips shy of our Support target 1. The Hourly Oscillators are bullish but weak and price has just crossed the MA, so Cautious approach is needed. Hourly Trend is Sideways Up while 12900 holds and Daily Trend is Sideways Down while 13405 holds, so expect the price to be making higher highs 12965-12900 level holds. The patterns are quite choppy but pointing higher while 12965-12900 level holds. Conservative traders should be Sidelined until there is a clear signal or strictly trade only at our levels. Aggressive traders look to Long on pull back while 12965-12900 level holds.
[B][U]GBPJPY[/U][/B]
GBPJPY closed @ 15085 which was above the open but was within prior day’s trading range. The Low was 35 pips shy of our Support target 2. The Hourly Oscillators are bullish and the price is just crossed the MA, so the bears have to be Sidelined. Hourly Trend is Sideways Up while 15020 holds and Daily Trend is Sideways Down while 15680 holds, so expect the price to make higher highs while 15020 level holds. The patterns are quite choppy but pointing higher while 15050-15020 level holds. Conservative traders should be Sidelined until there is a clear signal or strictly trade only at our levels. Aggressive traders look to Long with a tight Stop while 15050-15020 level holds for a quick profit.
[B][U]AUDJPY[/U][/B]
AUDJPY closed @ 7280 which was above the open but within prior day’s trading range. The Low was 15 pips away from our Support target 1. The Hourly Oscillators are bullish and price has just crossed the MA, so the bears have to be Sidelined. Hourly Trend is Sideways Up while 7225 holds and Daily Trend is Sideways Down while 7525 holds, expect the price to make higher highs while 7225 level holds. The patterns are quite choppy but pointing higher while 7250-7225 level holds. Conservative traders should be Sidelined until there is a clear signal or strictly trade only at our levels. Aggressive traders look to Long with a tight Stop while 7250-7225 level holds for a quick profit.