[B][U]EURJPY [/U][/B]
EURJPY closed @ 13295 which unchanged from prior day’s close and within the trading range. The High was 10 pips shy of our Resistance Zone 1. The Hourly Oscillators are mixed and price is approaching the MA, so Cautious approach is needed for the bulls. Hourly Trend is Sideways while 13345 holds and Daily Trend is Sideways while 13430 holds, so expect the price to be choppy with the upside limited. The patterns are choppy but it is pointing lower while 13330-13345 level holds. Conservative traders should be Sidelined until there is a clear signal or strictly trade only at our levels. Aggressive traders look to SHORT with a tight Stop for a quick profit while 13330-13345 level holds or stay Sidelined for better signal.
[B][U]GBPJPY [/U][/B]
GBPJPY closed @ 15445 which was below the open but within prior day’s range. The High was 8 pips shy of our Resistance Zone 1. The Hourly Oscillators are mixed and the price is approaching the MA, so the bulls have to be Cautious. Hourly Trend is Sideways while 15525 holds and Daily Trend is also Sideways while 15680 holds, so expect the price to be choppy with the upside limited. The patterns are choppy but it is pointing lower while 15485-15525 level holds. Conservative traders should be Sidelined until there is a clear signal or strictly trade only at our levels. Aggressive traders look to SHORT with a tight Stop for a quick profit while 15485-15525 level holds or stay Sidelined for better signal.
[B][U]AUDJPY [/U][/B]
AUDJPY closed @ 7575 which was unchanged and within prior day’s trading range. The Low was precisely at our Hourly level. The Hourly Oscillators are mixed and price is approaching the MA, so the bulls have to be Cautious. Hourly Trend is Sideways while 7605 holds and Daily Trend is also Sideways while 7665 holds, expect the price to be choppy with the upside limited. The patterns are choppy but pointing lower while 7580-7605 level holds. Conservative traders should be Sidelined until there is a clear signal or strictly trade only at our levels. Aggressive traders look to SHORT with a tight Stop for a quick profit while 7580-7605 level holds or stay Sidelined for better signal.