[B][U]EURJPY[/U][/B]
EURJPY closed @ 13300 which closed well above the open and broke out of the Long Range Candle. The Low was 10 pips shy of our Support Zone 1. The Hourly Oscillators are bullish but weak and price is well above the MA, so Cautious approach is needed for the bulls. Hourly Trend is Sideways Up while 13160 holds and Daily Trend is Sideways while 13430 holds, so expect the price to be choppy with the upside limited. The patterns are creeping lower but expect the 13160 level to hold to maintain the bullish outlook. Conservative traders should be Sidelined until there is a clear signal or strictly trade only at our levels. Aggressive traders look to LONG Cautiously near 13160 level with a tight Stop for a quick profit or stay Sidelined for better signal.
[B][U]GBPJPY[/U][/B]
GBPJPY closed @ 15480 which was well above the open and broke out of the Long Range Candle. The Low was 15 pips shy of our Support Zone 1. The Hourly Oscillators are bullish but weak and the price is well above the MA, so the bulls have to be Cautious. Hourly Trend is Sideways Up while 15330 holds and Daily Trend is Sideways while 15680 holds, so expect the price to be choppy with the upside limited. The patterns are creeping lower but expect the 15330-15300 level to hold to maintain the bullish out look. Conservative traders should be Sidelined until there is a clear signal or strictly trade only at our levels. Aggressive traders look LONG Cautiously near 15330-15300 with a tight Stop for a quick profit or stay Sidelined for better signal.
[B][U]AUDJPY[/U][/B]
AUDJPY closed @ 7570 which was well above the open and broke out of the Long Range Candle. The Low was 15 pips shy of our Support Zone 1. The Hourly Oscillators are bullish but weak and price is well above the MA, so the bulls have to be Cautious. Hourly Trend is Sideways Up while 7450 holds and Daily Trend is Sideways while 7665 holds, expect the price to be choppy with the upside limited. The patterns are creeping lower but expect the 7465-7450 level to hold to maintain the bullish outlook. Conservative traders should be Sidelined until there is a clear signal or strictly trade only at our levels. Aggressive traders look to LONG Cautiously near 7465-7450 with a tight Stop for a quick profit or stay Sidelined for better signal.