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Appreciation Comes Though for GBP/USD and GBP/JPY

Posted on March 13, 2009 at 7:11 in Commentary, Market Analysis by Tim Salem

 

Greetings, again Everyone!

We check back in with the significant Fractal Appreciation with Her Majesty and Her favorite Cousin, Pound Yen!

As of Post-Time, we are approaching Key Levels to either Breach… or face Rejection… in the next few Hours.

While the Pound itself  is obviously  in Play here… in my personal view… the Dollar and the Yen sides these Units are more revealing to overall Sentiment indication.

We continue to “weave” in and out of Risk Appetite and Risk Averse climates…so we will see how this continues along in our day, as we do have Data Points on the way.

Let’s get to the Hourlies, so give them a Click… and Post-Time is 12:15 GMT.

 

 

 

 

 

 Now… keep in mind the Appreciation we are seeing is “Counter” to the Trends here… as we have Rallies in these larger Macro-Views!

So… use Caution as we move forward, as several of the dynamic and static Resistance Areas may “cap” Price Action.

 

Of course… I will return later as the Data Points become digested and see where we are heading into the weekend!

:-)

 

 

 

Tags: appreciation, dollar, GBP/JPY, GBP/USD, Price, Risk Appetitie, Risk Aversion, Yen

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