[U][B]EURUSD[/B][/U]
EURUSD closed @ 14150 which was above the open. The high was 20 pips away from our Resistance Zone 1. The Hourly Oscillators turning bearish and the price is approaching the MA, so Cautious approach is needed for the bulls. Hourly Trend is Turning Down while 14225 holds and Daily Trend is Sideways while 14260 holds, so expect the price to turn down any time soon. The Patterns are suggesting the High may have already been seen on the Hourly Chart or it may test the high one more time. Conservative traders should look Short near 14185 level or strictly trade only at our levels. Aggressive traders look to hold SHORT while 14185-14225 level holds and 14080 level gives way.
[B][U]GBPUSD[/U][/B]
GBPUSD closed @ 16440 which marginally above the open within prior day’s range. The High was 15 pips away from our Resistance Zone 1. The Hourly Oscillators are turning bearish and price is approaching the MA, so Cautious approach is needed for the bulls. Hourly Trend is Turning Down while 16525 level holds and Daily Trend is Sideways Down while 16625 holds, so expect the price to turn down any moment. The Patterns are suggesting the High may have already been seen on the Hourly Chart or it may test the high one more time. Conservative traders should look to Short near 16480 or strictly trade only at our levels. Aggressive traders look to Short while 16480-16525 level holds.
[B][U]USDJPY[/U][/B]
USDJPY closed @ 9395 which was below the open but within Long Trading day’s trading range. The High was 8 pips shy of our Resistance Zone 1. The Hourly Oscillators are mixed and price is within the MA, so Cautious approach is needed. Hourly Trend is Sideways while 9450 holds and Daily Trend is also Sideways while 9550 holds, so expect the price to be choppy with a downside bias while 9450 level holds. The patterns are choppy but pointing lower while 9425-9450 level holds. Conservative traders should be Sidelined to look for better trading Signals or strictly trade only at our levels. Aggressive traders should look to SHORT Cautiously while 9425-9450 level holds for a quick profit.