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Forecast on JPY Crosses (EURJPY, GBPJPY, AUDJPY)

By   |  Technical Analysis  |  Sep 21, 2009 12:00AM GMT  |  Add a Comment
 

EURJPY
EURJPY closed @ 13435 which was UNCHANGED from the open and was within prior day's trading range. The High was PRECISELY at Precise Trader's Res Zone 1 and the Low was 15 pips from Precise Trader's Sup Zone 1.   The Hourly Oscillators are MIXED and the price is Within the MA, so CAUTIOUS  approach is needed. Hourly Trend is Sideways while 13330 holds and Daily Trend is also Sideways while 13650 holds, so expect the price  to be Choppy until the breakout happens.  The  Price is trading Above the  Monthly, at the  Weekly open and  closed  within  the Res  Zone 1.  EUR and JPY  moving in opposite  direction and also Choppy  .The Price on the Hourly  is in a Range trading and  expect the price to be  Choppy until it breaks out of the range , on the 5 min is  Choppy and with no clear direction of  strength during Asian session, with 13485-70 are the critical levels to watch.  We have no suggestions until the breakout happens.  Conservative Traders:  Be SIDELINED  or strictly trade only at Precise Traders Report levels.    Aggressive Traders :  Be SIDELINED  until there is a breakout.


GBPJPY
GBPJPY closed @ 14860 which was BELOW the open and breached the previous day's low. The High was 5 pips from Precise Trader's Res Zone 1 and the Low was 5 pips from Precise Trader's Sup Zone 5 (U Turn Zone).   The Hourly Oscillators are MIXED and the price is Below the MA, so CAUTIOUS  approach is needed. Hourly Trend is Sideways while 14955 holds and Daily Trend is also Sideways while 15310 holds, so expect the price  to be Choppy until the breakout happens.  The  Price is trading  Below  Monthly,  but at  the Weekly  open and  closed near the Sup U turn  Zone 5. GBP and JPY are moving in opposite direction and also Choppy .The Price on the  Hourly is in a range trading  and expect a choppy session until the breakout happens, on the 5 min is also  Choppy but along the gradual Horizontal  Channel  14885-14955  are the critical levels to watch. We have no suggestions until there is a breakout.  Conservative Traders:  Be SIDELINED or strictly trade only at Precise Traders Report levels.    Aggressive Traders :  Be SIDELINED until the breakout happens.


AUDJPY
AUDJPY closed @ 7920 which was BELOW the open and was within prior day's trading range.  The High was 5 pips from Precise Trader's Res Zone 1 and the Low was PRECISELY at Precise Trader's Sup Tgt 1.   The Hourly Oscillators are MIXED and the price is Within the MA, so CAUTIOUS  approach is needed. Hourly Trend is Sideways while 7840 holds and Daily Trend is also Sideways while 8110 holds, so expect the price  to be Choppy until the breakout happens.  The Price is trading  marginally  Above  Monthly, at the Weekly  open and  closed  at the Sup  Zone 1. AUD and JPY moving in oppposite direction but choppy .The Price on the Hourly is in Range trading and expect  the price to be Choppy until the breakout ,  on the 5 min is Choppy  with no clear direction of the strength during Asian session but 7975-8010  are the critical levels . We have no suggestions until the breakout.  Conservative Traders:  Be SIDELINED  or strictly trade only at Precise Traders Report levels.    Aggressive Traders :  Be SIDELINED  until there is a  breakout.


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