Welcome to Thursday, Everyone!
With the Equities Sectors and the Dow and S&P Indices taking hold of Correlating Relations again, we have seen Risk-Averse Behavior rather consistently this week… despite Corrective Price Swings in most Major Units and their Crosses.
The Yen was provided propelled Momentum from recently poor Exports beginning to see increased Outflow Activity… meaning some Recessionary aspects in Japan may be easing in the Near-Term.
We know where the Beloved Queen was heading from our last Update yesterday… and it would not surprise me if her Majesty has “Special Plans” for Alistair Darling… considering the massive Borrowing of 269 Billion Pounds and Tax Increases for the U.K. Citizenry.
( Hee Hee… just being sarcastic… although my good Premium Friend and Trader, “Ray”, may devise a Plan anyway…
In all seriousness… we can use a few of our “Yen Travelers”… the Yen Crosses… to observe some of this Price Action as these three Units are finding interesting “potential” Set-Ups for Immediate-Term Views.
Price Behavior is deeply similar on all three Daily Views of the EUR/JPY, AUD/JPY, and the NZD/JPY… so give the Captures a Click for Commentary.
Post-Time is early evening for me at 2: 15 GMT.
As always… I will be back with you for an Update as we move into the Asian/London Overlap to see if we are any closer to these Opportunities coming to Fruition… so let’s meet again after the “Currency Majors Technical Perspective” Report around 7:00 GMT to see where we are!
( P.S. - The Update Time is 8:05 GMT, and we have no significant development with our Triangle Formations on these Units… so we will check in later in the Session as European Volume comes into View… )
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A well written piece of analysis Tim.
Thank You as always, Ray!
Your Support is always Appreciated and Well-Respected!
Sincerely,
- Tim -