A Blog of Commentary and Ideas from an FXstreet Premium Member by 
Greetings Everyone for another Update!
( My apologies for the Currency Majors Technical Perspective this morning at 7:00 GMT. Some email Uni-Code issues between myself and FXstreet prevented the Report from being received, and the issue has been resolved. )
Our Yen Travelers are taking a Reprieve in their Rallies, as they are getting low on their First leg of Frequent Flyer Miles!… ;-)
With the NYSE Open a few minutes ago, we are seeing the “Corrective Retracements” that are fully expected in this Climate… considering our Crosses/Equities Correlation is back “In-Sync” for the moment.
So as we know… these Pullbacks will give us our “Inverse” Correlation with the Yen and the Dollar for some strength as of this writing.
We may see our “usual” 2nd-Hour Reversal that often occurs in the NYSE and the Dow after all the Block Orders are filled… so our Yen Crosses…( and the Majors for that matter…) may have “shallow” Retracements in the immediate-term… but of course… we do not know with certainty, be Mindful as always.
We switch to the Hourly Views of our “Travelers” and see if we can pinpoint some of these Key Dynamic Levels of Activity as we move forward.
We pull off many of the larger Levels and work within the Hourly Context for a bit more clarity for our IntraDay Friends and Colleagues out there!
Give the Captures a Click, as always… and Post-Time this morning (for me) is 15:20 GMT.
In my personal view… I see these Pullback as “Corrective” in nature only for the “health and integrity” of these Current Trends… so the Institutional Views may simply favor a “Buying on the Dips” Mentality here.
We will see how our current Climate of “Resting” Pullback fair, and I will be back with you for an Update prior to this evening !
