Forecast on JPY Crosses (EURJPY, GBPJPY, AUDJPY)

EURJPY EURJPY closed @ 13800 which was marginally above the open but within few day's trading range. The Hourly Oscillators are bearish but weak, so cautious approach is needed. Hourly Trend is Sideways and Daily Trend is also Sideways, so expect the price to be choppy. We have to be very patient on this instrument until there is a clear break. The patterns are not clear and very noisy. We prefer to be Sidelined or strictly trade at only our levels.