Article Summary:
As we spoke of in our earlier Post, the Asian sectors did pick up on the positive Strength of the U.S. Equities, as the Nikkei gained 251 Points on the back of the Dow’s 235-Point gain. We are still seeing our Idea of “Delayed” Corrections,
Article Content:
Greetings again, Everyone!
As we spoke of in our earlier Post, the Asian sectors did pick up on the positive Strength of the U.S. Equities, as the Nikkei gained 251 Points on the back of the Dow’s 235-Point gain.
We are still seeing our Idea of “Delayed” Corrections, especially with The Queen, as the British Pound has rallied to fresh 2009 Highs, bringing Momentum that has spilled “Blood on the Streets” for any Dollar and Yen Longs that may have been In Play of late…
Here are the GBP/USD and GBP/JPY Hourly Views, so give them a Click for Commentary.
Post-Time is 11:00 GMT.
The Break of Major static Resistance @ the 1.5370’s has The Queen looking in the Mid-Term to the 1.5700 Figure if the current Behavior continues. Any Corrective Sentiment will likely be held at 1.5350’s Area of current Daily Static Support.
The Pound Yen also sees significant Appreciation with similar Price Action, as any Retracement prior to a run for the 150.50’s Resistance will see the 147.20’s, or a new “Transitive Rollover” from Resistance-To-Support clocking in at the 148.00/20’s Handle Area.
The 7:00 GMT “Currency Majors Technical Perspective” will give some IntraDay Insight into Near- and Mid-Term Levels, despite being published prior to the Current Price Breaks we have seen.
We will check in after the NYSE Open, to see how Equities pick up on the Bullish Price Action… as Equity Futures are certainly Well-Bid as of Writing-Time!simulated forex trading
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