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Yen Crosses Take A Rest From Their Ski Trip

Posted on January 21, 2009 at 10:32 in Market Analysis by Tim Salem

Hello to All !

Let’s check in with the Pound Yen and Euro Yen, and see where we have some in the last 12 hours since our last Post.

We are largely consolidating here on both Pairs, according to our Hourly views.

As always…when we see this type of Price action… building of energy increases for a Break out of the clustering behavior.

Commentary on the Captures, so be sure to Click!…and our Post-Time is 15:30 GMT.

So…let’s see where we move here…Retracements on both of these Units is definitely due…

Of course… we do not expect anything …so be sure to allow your Eyes to lead you…and do not just dive in somewhere “Head First!”

Tags: consolidation, continuation, EUR/JPY, GBP/JPY

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