[U][B]EURJPY [/B][/U]
EURJPY closed @ 13065 which closed above the open but was within the Long Range Candle. The Low was 30 pips away from our Support Zone 1. The Hourly Oscillators are bullish but weak and price is above the MA, so Cautious approach is needed for the bulls. Hourly Trend is Sideways while 12935 holds and Daily Trend is also Sideways while 13405 holds, so expect the price to be choppy with the upside limited. The patterns are quite choppy but pointing higher and the upside may be limited. Conservative traders should be Sidelined until there is a clear signal or strictly trade only at our levels. Aggressive traders look to do the same until the breakout happens.
[B][U]GBPJPY[/U][/B]
GBPJPY closed @ 15255 which was above the open but was within the Long Range Candle. The Low was 20 pips shy of our Support Zone 1. The Hourly Oscillators are bullish but weak and the price is above the MA, so the bulls have to be Cautious. Hourly Trend is Sideways while 15080 holds and Daily Trend is also Sideways while 15680 holds, so expect the price to be choppy with the upside limited. The patterns are quite choppy but pointing higher with the upside limited. Conservative traders should be Sidelined until there is a clear signal or strictly trade only at our levels. Aggressive traders look to do the same until the breakout happens.
[B][U]AUDJPY[/U][/B]
AUDJPY closed @ 7415 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 but weak and price is above the MA, so the bulls have to be Cautious. Hourly Trend is Sideways while 7300 holds and Daily Trend is also Sideways while 7665 holds, expect the price to be choppy with the upside limited. The pattterns are quite choppy but pointing higher with the upside limited. Conservative traders should be Sidelined until there is a clear signal or strictly trade only at our levels. Aggressive traders look to do the same until the breakout happens.