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Greetings Again, Everyone!
The Risk-Averse Dollar and Yen are now moving into Accumulation to Consolidation from the IntraDay Perspective, as Exchange Rates begin to slow and ease.
We move straight into The EUR/JPY from The Yen Perspective… and The AUD/USD from The Dollar Perspective.
Give the Hourly Views a Click as always… with Commentary above, and Post-Time is 7:00 GMT.
The Euro Yen finds a Bounce into Consolidation at the 132.60’s Static Support Area, as Price looks to the Immediate-Term Resistance at the 134.00 Handle. A Breach of the Support Level sees the 131.70’s and 131.40’s Support Areas in the Near-Term… while and Upside Beach sees the 135.00 Handle to Hold the Correction.
The Aussie sees Consolidation generally caught between the .7900 Handle and the .8000 Handle with even a “tighter” 50-Pip Range to .7950 as well. Price needs to clear the .8090 Resistance Area to regain Bullish Sentiment in the Near-Term… other Bearish Views look to Depreciate Price through the .7820’s and onto the .7750’s in the Near-Term.
For further Detail on how The Majors are working in these Consolidative Zones, here is the just-published “Currency Majors Technical Perspective” Report, and as always… I will certainly have more Updates as we move along!
