Members login
Forecast on JPY Crosses (EURJPY, GBPJPY, AUDJPY)
Written by article default Monday, 04 April 2011 06:51
EURJPY
EURJPY closed @ 11965 which was ABOVE the open and breached the previous day's high. The High was 5 pips from Precise Trader's Critical Res and the Low was 20 pips from Precise Trader's Sup Zone 1. The Hourly Oscillators are showing Bearish Divergence and the Price is Above the MA, so Bulls book your profit or remain Sidelined. Hourly Trend is Limited Up while 11880 holds and Daily Trend is also Limited Up while 11625 holds, so expect the Price to have a Minimum Upside and the Bulls have to be Cautious. The Daily time frame ,the Price is well above the MA's , the Bulls gained aggressively towards the Close. The Patterns are suggesting the Bulls are still strong but approaching price target. The Hourly time frame, the Price is above the MA's and the Oscillators are suggesting a limited upside bias. The Patterns are suggesting a range trading with a potential to turn down soon. The 15min time frame, suggesting a choppy session until the break,11915/11880 are the Critical levels to watch to maintain the Bullish Outlook. The EUR is Flat with a potential to break higher and the JPY is Flat with a potential to turn down soon, so JPY & EUR may drag the EURJPY nowhere until there is a clear signal from one of the Cross.
BULLS: 11875 11790 11725 BEARS: 12015 12150 12225
Today's Strategies: Trade @ the Bulls & Bears Levels Only.
GBPJPY
GBPJPY closed @ 13545 which was ABOVE the open and breached the previous day's high. The High was 25 pips from Precise Trader's Critical Res and the Low was 25 pips from Precise Trader's Sup Zone 1. The Hourly Oscillators are Bullish but Weak and the Price is Above the MA, so CAUTIOUS approach is needed for the Bulls. Hourly Trend is Limited Up while 13470 holds and Daily Trend is also Limited Up while 13200 holds, so expect the Price to have a Minimum Upside and the Bulls have to be Cautious. The Daily time frame ,the Price is above the MA's ,the Bulls gained aggressively towards the close. The Patterns are suggesting that the Bulls are still strong but approaching price target . The Hourly time frame, the Price is above the MA's and the Oscillators are suggesting a limited upside bias. The Patterns are suggesting a range trading with a potential to turn down. The 15min time frame, suggesting a choppy session until the break, 13490-70 are the Critical levels to watch to maintain the Bullish Outlook. The GBP is Flat with a mixed bias and the JPY is Flat with a limited upside bias, so the JPY may drag the GBPJPY higher but may be limited.
BULLS & BEARS : Get the full report by visiting Precise Trader for a Free Trial.
Today's Strategies: Get the full report by visiting Precise Trader for a Free Trial.
AUDJPY
AUDJPY closed @ 8730 which was ABOVE the open and breached the previous day's high. The High was PRECISELY at Precise Trader's Res Tgt 3 and the Low was 10 pips from Precise Trader's Sup Zone 1. The Hourly Oscillators are showing Bearish Divergence and the Price is Above the MA, so Bulls book your profit or remain Sidelined. Hourly Trend is Limited Up while 8670 holds and Daily Trend is also Limited Up while 8425 holds, so expect the Price to have a Minimum Upside and the Bulls have to be Cautious. The Daily time frame ,the Price is well above the MA's , the Bulls gained aggressively towards the close. The Patterns are suggesting that the Bulls are approaching price target. The Hourly time frame, the Price is above the MA's and the Oscillators are suggesting a limited Upside bias. The Patterns are suggesting a range trading with a potential to turn down soon . The 15min time frame, suggesting a choppy session until the break, 8685-70 are the Critical levels to watch to maintain the Bullish Outlook. The AUD is Flat with a limited upside and the JPY is also Flat with a limited upside bias , so both the Cross may drag the AUDJPY lower once the AUD or JPY reverses.
BULLS & BEARS : Get the full report by visiting Precise Trader for a Free Trial.
Today's Strategies: Get the full report by visiting Precise Trader for a Free Trial.