Greetings again, Everyone!
Our earlier Thoughts on our last Post come to fruition as The Asian Bourses come off while The Dollar and Yen continue their Macro-Corrections… even though most Units are still considered to be in rather large Range-Bound Areas.
The GBP/JPY continues Its Correction, as the Hourly reveals Key Levels to Clip for Bullish Builds to enter back into the overall Trending Environment.
As The Yen gains Correctional Strength, Contact with the Ellipsed Area at the 158.40’s Dynamic Support, along with the Key Level of the Weekly 50% Fib Variant of the October Downleg, will be a Crucial Area for Bulls to be Mindful of for Attractive Rates.
Here is the Hourly Capture so give it a Click, and Post-Time is 7:10 GMT.
Please have a look at the just-published “Currency Majors Technical Perspective” Report for some Immediate-Term Detail on The Majors, as we monitor how Deep these Corrections continue to progress.
As always, I will have plenty of Updates as we move along, so please join me throughout The Day!
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