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Continuation Sees the Yen Crosses Looking to Re-Position

Posted on April 16, 2009 at 11:35 in Commentary, Market Analysis by Tim Salem

Greetings Again to All!

We enter a phase of “Market Continuation” with our three Units we have been working with… as Price looks to hold its’ “Resting” Areas for potential “Re-Positioning”.

Sentiment now is in favor of the overall Macro-Trends…but once again as is usually the case… We will either Validate or Fail at various Levels moving forward.

Retracements are Clear and Healthy for the Integrity of the Larger-Views, and the Hourly Perspectives provide assistance to “see” where we may be headed as we deal with the London Close a few moments ago.

Give the Captures a Click, as always… and Post-Time is 16:35 GMT.

As always…let’s visit with each other once again towards the Asian-Pacific Sector, as the Equities Close in the U.S. may provide us some ideas on Market “Sentiment” moving into Friday!

Tags: continuation, EUR/GBP. GBP/JPY, EUR/JPY, euro, flag, Fobinacci, formation, pound, Price, sentiment, Yen

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