Thursday, September 3, 2009

Forecast on JPY Crosses (EURJPY, GBPJPY, AUDJPY)


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Daily Reports (Trends, Precise Entry & Exit levels and Strategies) on 9 Crosses- USD Majors, USD Minors & JPY Crosses.

EURJPY

EURJPY closed @ 13160 which was BELOW the open and breached the previous day's low. The High was PRECISELY at Precise Trader's Res Zone 1 and the Low was 10 pips from Precise Trader's Sup Zone 5 (U Turn Zone). The Hourly Oscillators are MIXED and the price is Converging towards the MA, so CAUTIOUS approach is needed. Hourly Trend is Sideways while 13045 holds and Daily Trend is Sideways Down while 13620 holds, so expect the price to be Choppy and Downside may be limited. The Price is trading Below Monthly, Weekly open and closed just below the Sup Zone 1. The Price on the Hourly is in a Range trading and expect a Choppy session a head with an Upside bias, on the 5 min is Choppy but 13110-13030 is a critical level to watch for the bulls. Conservative traders should look to be Sidelined or strictly trade only at Precise Traders Report levels. Aggressive traders look to do the same or LONG Cautiously near 13110-13030 with a tight Stop for a quick profit.

GBPJPY

GBPJPY closed @ 15010 which was UNCHANGED from 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 1. The Hourly Oscillators are MIXED and the price is Within the MA, so CAUTIOUS approach is needed. Hourly Trend is Sideways while 15135 holds and Daily Trend is Sideways Down while 15545 holds, so expect the price to be Choppy until the breakout happens. The Price is trading Below the Monthly, Weekly open and closed within Zone 1. The Price on the Hourly is in a Range trading and expect a Choppy session a head , on the 5 min is also Choppy but 14945-14785 are the critical levels to pay attention. Conservative traders should look to be Sidelined or strictly trade only at Precise Traders Report levels. Aggressive traders look to do the same until there is a clear signal.

AUDJPY

AUDJPY closed @ 7690 which was ABOVE the open and was within prior day's trading range. The High was 5 pips from Precise Trader's Res Tgt 1 and the Low was 15 pips from 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 7590 holds and Daily Trend is Sideways Down while 8025 holds, so expect the price to be Choppy and Downside may be limited. The Price is trading Below Monthly,Weekly open and closed within Zone 1.The Price on the Hourly is in a Range Trading and expect a choppy session a head, on the 5 min is also Choppy but 7650-7590 are the critical levels to watch . Conservative traders should look to be Sidelined or strictly trade only at Precise Traders Report levels. Aggressive traders look to do the same or LONG near 7650-7590 with a tight Stop for a quick profit.


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