Forecast on USD Majors (EURUSD, GBPUSD, USDJPY)

EURUSD

EURUSD closed @ 14085 which was BELOW the open and breached the previous day's low. The High was 30 pips from Precise Trader's Res Zone 1 and the Low was 25 pips from Precise Trader's Sup Tgt 2. The Hourly Oscillators are MIXED and the price is Below the MA, so CAUTIOUS approach is needed. Hourly Trend is Sideways Down while 14230 holds and Daily Trend is also Sideways Down while 14450 holds, so expect the price to be Choppy with a Downside bias. The Price Patterns on the Hourly is creeping higher but the upside is limited and expect the price to break the prior low @ 14005 , on the 5 min is along the Channel but the upside should be capped to 14170-14230 level to maintain a bearish outlook. Conservative traders should look to SHORT on pull back near 14170-14230 level or strictly trade only at Precise Traders Report levels. Aggressive traders look to do the same with 14005-13965 levels having in mind for potential profit targets.

GBPUSD

GBPUSD closed @ 16350 which was BELOW the open and breached the previous day's low. The High was PRECISELY at Precise Trader's Hrly Level and the Low was 10 pips from Precise Trader's Sup Tgt 2. The Hourly Oscillators are MIXED and the price is Below the MA, so CAUTIOUS approach is needed. Hourly Trend is Sideways Down while 16485 holds and Daily Trend is also Sideways Down while 16835 holds, so expect the price to be Choppy with a Downside bias. The Price Patterns on the Hourly is creeping higher but the upside is limited and expect the price to break the prior low @ 16275 , on the 5 min is along the Channel but the upside should be capped to 16415-85 level. Conservative traders should look to SHORT near 16415-85 or strictly trade only at Precise Traders Report levels. Aggressive traders look to do the same with 16190-50 levels for potential profit targets.

USDJPY

USDJPY closed @ 9455 which was BELOW the open and was within prior day's trading range. The High was 30 pips from Precise Trader's Res Zone 1 and the Low was 30 pips from Precise Trader's Sup Tgt 1. The Hourly Oscillators are Turning Bullish and the price is Within the MA, so the Bears have to be CAUTIOUS. Hourly Trend is Sideways Down while 9535 holds and Daily Trend is Down while 9670 holds, so expect the price to be Choppy with a Downside bias. The Price Patterns on the Hourly is creeping higher but the signals are not clear, on the 5 min is along the Channel but the upside should be capped to 9535-70 level in order to maintain our bearish outlook. Conservative traders should look to be Sidelined or strictly trade only at Precise Traders Report levels. Aggressive traders should look to do the same or SHORT Cautiously on pull back near 9535- 70 for a quick profit.