A Blog of Commentary and Ideas from an FXstreet Premium Member by 
Greetings, Everyone and Welcome to Tuesday!
With Risk Aversion clearly back in The Spotlight, my earlier Thoughts in yesterday’s Posts on The Yen finally being “The Leader” of our two “Risk Aversion Brothers”… as The Yen reverse the “Built-In Momentum” of General Weakness and uses it to Its own advantage.
The “Global Rhetoric” of late is surely still playing a Role with both The Dollar and The Yen Strength…and even with Global Equities hearing “Talk” of the recent Rallies being “Too Much Too Fast”… which of course will be Bullish for both of these Units.
Let’s check on some of the Yen Crosses and measure the current Deep Strength we are seeing in The Asian Session as of this Writing…. as we have plenty “Transitive Rollover” Areas to consider.
Here are the Daily Views of EUR/JPY and GBP/JPY with a rather Similar Perspective in the Immediate-Term for both Units.
Give the Captures a Click, and we have Commentary above as always…and Post-Time is 1:30 GMT.
The Euro Yen looks to the 133.30’s Dynamic Support to possible slow down this “Freight Train” of Price… although additional Strength may take us to the Trendline/Support Confluence Area as well.
Bearish Views surely enjoyed The Day… although taking Positions now would be Ill-Advised as Accumulation leading into Consolidation is highly Probable.
The Bulls may look to be Loading The Munitions” soon for such Attractive Price Points to work with… but just like The Bears… Observance is essential at these Levels to see how Price Behaves moving forward.
The Pound Yen sees similar Directionality, as Price is a bit “Shallower” on the Correction considering The recent Pound Strength… as opposed to the “Heavy Weight” of The Euro above…
The Ellipsed Area may may hold Price… as the 155.00 Handle is deeply Solid Support.
As always, please join me around 6:30/7:00 GMT for The “Currency Majors Technical Perspective” Report as we look into The Majors with Detail… as well as another Update where we will drill down to the Hourly Views as Asia marches on into London and Europe!
Please join Me then!
