Greetings, Everyone and Welcome to Monday!

We embark on a new Week with some Mixed Dollar Activity as Trading begins in The Asian-Pacific Sectors.

Gold continues Its IntraDay Corrections, as Oil remains Mixed to slightly Bearish at this point.

The Dollar looks to follow the Lead of The Yen ( or Vice Versa if you are following the G8 Communique and Logic…) as we open the Week with slight Dollar and yen strength Across The Board.

Let’s gets right to it since I probably bored all of you to death with my Weekend “Pseudo-Political Policy” Thoughts on The Economy and The G20 Summit of the last couple of Posts!…    

We shall have a look at The GBP/JPY and The USD/JPY as we move into the New Week, and here are Various Time-Cycle Views of Both.

 Asian-Pacific Sector Equity Markets are largely Negative as of this Writing… so our “Inverse” Correlation here is generally Intact with The Stronger Yen and in turn… a Stronger Dollar.

Here are The Captures with Commentary above, so give them a Click, as always.

Post-Time is 1:50 GMT.

We see The Pound Yen in “Classic textbook” Corrective Form that Trend-Followers tend to prefer… so Bullish Builds coming in for better Rates is certainly highly-probable moving forward into The Session.

 The 159.80’s Area of Static Support just may be The Area The Bulls are looking for… although a Deeper Correction is always possible.

The Hourly gives the underlying Consolidative Sentiment that we have been seeing in The Unit, as Price looks to The Outliers of The Range to Anchor Price at 159.90’s to the 162.60’s.

The Dollar Yen is looking toward Clear Round-Number Support at the 98.00 Area… as Price looks to bounce around The Symmetrical Triangle Formation here on the IntraDay View.

Let’s step back a bit and check on the Monthly View… where we can clearly see some Parameters that have caused  ”Frustration” with The Unit the past several Weeks due to the continual “Push and Pull” Descriptors I like to use with The Unit…. resulting in Consolidation as The Battle has raged back and forth…

The Hourly View gives us more Clarity with how Volatile The “Battle” between these two has become.

The Wide Swings in Price and Sentiment really are a perfect “Indicator” for the Mixed and Uncertain Markets we are in overall. Vacillating between Risk Aversion to Risk Appetite will always have a direct Effect on this Unit, and Price is reflecting this Sentiment.

Support and Resistance is rather Clear within The Range… so Bullish and Bearish Sentiments need to Break their respective Ranges to be In Favor.

So here is where we stand at the Moment!

Please join me for the Currency Majors Technical Perspective” Report right around 6:30 GMT, as always, for more Detail as we progress through The Session.

Of course, plenty of Blog Updates to follow, so I hope to see all of You throughout the Day!