Forecast on JPY Crosses (EURJPY, GBPJPY, AUDJPY)
EURJPY EURJPY closed @ 12970 which was BELOW the open and was within prior day’s trading range. The High was 10 pips from Precise Trader’s Res Zone 1 and the Low was PRECISELY at Precise Trader’s Sup Tgt 2. The Hourly Oscillators are Bullish but Weak and the price is Within the MA, so CAUTIOUS approach is needed for the Bulls. Hourly Trend is Sideways while 12890 holds and Daily Trend is Sideways Down while 13405 holds, so expect the price to be Choppy until the
Forecast on USD Minors (USDCHF, AUDUSD, USDCAD)
USDCHF USDCHF closed @ 10060 which was ABOVE the open and was within prior day’s trading range. The High was 5 pips from Precise Trader’s Res Tgt 2 and the Low was 20 pips from Precise Trader’s Sup Zone 1. The Hourly Oscillators are Bearish but Weak and the price is Below the MA, so CAUTIOUS approach is needed for the Bears. Hourly Trend is Sideways Down while 10135 holds and Daily Trend is Sideways while 10340 holds, so expect the price to be Choppy with a Downside